US EditionMinimal Impact of Iran Unrest on India Inc: Crisil
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Minimal impact of Iran unrest on India Inc: Crisil
Mumbai: Domestic credit ratings agency Crisil on Wednesday, January 28, said the unrest in Iran has not had any impact on Indian companies so far. However, if the tensions persist or escalate, leading to a rise in crude prices, companies in oil refining, aviation and crude-linked sectors like specialty chemicals, paints, petrochemicals and synthetic textiles may be impacted, it said. “The ongoing unrest in Iran has not had any significant impact…
New Delhi: The ongoing unrest in Iran has so far had little impact on India Inc's foreign trade flows or the credit profiles of domestic companies. However, Crisil Ratings estimates that if the conflict prolongs or intensifies, tensions could escalate through higher crude oil prices, supply chain disruptions and payment delays, with some sectors affected more than others. According to a report published in The New Indian Express, India's direct …
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