Fitch Ratings’ outlook on Indian infrastructure for 2012 remains ‘negative’, according to a recently issued report. The ratings agency blames both macro-economic factors, such as a precarious interest rate environment, in addition to sector-specific issues for a forthcoming wave of credit downgrades.
Power generation projects are more vulnerable to downgrades than transportation assets, although no infrastructure subsector appears to be immune, according to the report, which is dubbed 2012 Outlook: Indian Infrastructure.
