New Delhi, Sept. 30 -- Despite the ongoing global uncertainties, including tariff-related disruptions and geopolitical tensions, the credit profile of Indian corporates has demonstrated remarkable resilience, according to ICRA's latest report.

ICRA stated in the report that its rating actions in the first half of FY2026 underscore the strength of India Inc.'s balance sheets and the supportive domestic business environment.

During H1 FY2026, ICRA upgraded the ratings of 214 entities while downgrading 75, resulting in a robust Credit Ratio of 2.9x.

This marks a significant improvement over the Credit Ratio of 2.0x in FY2025 and 2.2x in H1 FY2025.

"The imposition of steep 50 per cent tariff on Indian exports to the US presents a signific...