Monitoring cos with large US exposure: CareEdge CEO

NEW DELHI: Ratings agency CareEdge is closely monitoring companies with large exposure to the US market, its managing director and group CEO Mehul Pandya told TOI , amid concerns that US tariffs could adversely impact the credit quality of corporates.

Pandya said the agency is evaluating sectors that are heavily dependent on the US for exports. "If tariffs remain around 50%, there could be an impact on such sectors, and it may take time to find alternative markets to substitute that large exposure to the US," he said. However, he also expressed optimism that ongoing talks could lead to a rollback. "If tariffs return to around 25%, we will be quite competitive again," he added.

On slowdown in sales of companies for about five weeks starting mid-Aug, Pandya said that India Inc's credit quality remains strong even if profit may have seen an impact. He stated that India's credit ratio shows more upgrades than downgrades in H1, reflecting sustained corporate health. Pandya noted that India continues to be a "standout economy" despite global headwinds.