S&P Rating Services report said oil and gas companies would hold steady through 2007. However, there is a chance that the turmoil in the credit market may negatively affect ratings down the line.
Weak economy and high interest rates in India, which have adversely affected cash flows and debt-servicing ability, have prompted the companies to improve their financial profiles.
The growth prospects are particularly high for Indian companies in the speciality and complex generic drugs segment in the US, the report said.
Rating agency expects current account deficit to remain at a modest 1.4% at end of FY16 and stay at similar level till 2018
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
Most respondents understand inflation, but very few understand risk diversification, says the ratings agency in its Global Financial Literacy Survey
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