'Trust deficit', disruptions in markets due to defaults by NBFCs; may put strain on weak firms: S&P
India’s financial markets are facing a ‘trust deficit’ and disruptions due to defaults by a major non-banking finance company which could put a strain on weaker firms, S&P Global Ratings said on Wednesday.
“India’s financial markets are facing a trust deficit. The disruption could put a strain on weaker companies as well as finance companies,” S&P Global Ratings credit analyst Geeta Chugh said. Image source: Reuters