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Top firms face Rs 1.4 lakh crore refinance risk: Reports

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Published: June 22, 2016 6:31:32 AM

Nearly half of India’s top 500 corporate borrowers — whose total refinancing requirement is R1.4 lakh crore in FY17 — are either stressed or stand elevated risk of refinancing (ERR), India Ratings & Research said on Tuesday, reports fe Bureau in Mumbai.

The total debt outstanding in the stressed and ERR two categories is R11.8 lakh crore, or 42% of the total debt. (Reuters)The total debt outstanding in the stressed and ERR two categories is R11.8 lakh crore, or 42% of the total debt. (Reuters)

Nearly half of India’s top 500 corporate borrowers — whose total refinancing requirement is R1.4 lakh crore in FY17 — are either stressed or stand elevated risk of refinancing (ERR), India Ratings & Research said on Tuesday, reports fe Bureau in Mumbai.

The total debt outstanding in the stressed and ERR two categories is R11.8 lakh crore, or 42% of the total debt.

The remaining 108 entities are classified under the high ease of refinancing category (31% of total debt and 7% of the total refinancing) and 152 entities in the medium ease of refinancing category (27% of total debt and 27% of the total refinancing).

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The agency said it expects overall debt obligation (current maturing and interest) for FY17 to remain at the FY16 levels of Rs 5.3 lakh crore on stable interest rates and stable working capital requirements coupled with low capex activities.

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