Sugar industry's credit profile to stay stressed: Ind-Ra
India Ratings and Research (Ind-Ra) has distributed the main version of its credit news process on Indias sugar industry under the horticultural products segment.
The report features that recuperation in sugar costs post obsession of floor cost and month to month deal roof by the administration in June 2018 is probably going
to be restricted by the common oversupply circumstance in both household and worldwide markets and the approaching excess in sugar season 2018-2019
the benefit and credit measurements of Indian sugar organizations are probably going to stay extended as the business keeps on reeling under the effect of
low spreads that disintegrated overall revenues and liquidity of sugar processes and brought about mounting stick contribution, says Ind-Ra. Sugar industry
revealed EBITDA misfortunes in 4QFY18 after 10 fourth of benefit, with the misfortunes being the most astounding in five years. Ind-Ra opines that edges
and liquidity of sugar plants are probably going to stay stressed in 1QFY19 as sugar costs hit multi-year lows in May 2018.
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