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Auto sector sees downgrade by India Ratings and Research

Oct 01, 2019 11:22 IST

Even as better sales numbers are expected from monthly auto sales courtesy festive season, India Ratings and Research has revised its outlook on the auto sector to 'stable-to-negative' from 'stable' for the remaining half of the current fiscal. However, credit metrics of auto OEMs are expected to remain resilient in the October-March period , albeit at lower levels than those observed over the last five fiscals, Ind-Ra said.

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