New Delhi, April 1 -- India Inc. has emerged in a strong financial position as it braces for potential global uncertainties, with its balance sheets showing resilience despite challenging economic conditions.

According to ICRA, FY2025 marked the fourth consecutive year of credit profile improvements, with the credit ratings of 301 entities being upgraded compared to 150 downgrades, maintaining a healthy credit ratio of 2.0x.

This trend highlights the growing financial strength of Indian corporates, which have benefitted from an extended period of deleveraging and consistent profit growth.

Commenting on the overall developments, K. Ravichandran, Executive Vice President & Chief Rating Officer, ICRA, said, "India Inc. has experienced an ...