Lenders Turn Their Back On Lower Rated Borrowers Amid Rising Risk Aversion
A customer waits at a customer care counter at a Housing Development Finance Corp. (HDFC) bank branch in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Lenders Turn Their Back On Lower Rated Borrowers Amid Rising Risk Aversion

Indian lenders are increasingly reluctant to lend to corporations rated below investment grade as economic conditions remain weak and defaults remain elevated.Borrowers rated BB and below have scar...
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