High rates can compress India Inc's margins, but it's a manageable risk: Ramnath Krishnan

Ramnath Krishnan, a veteran in the financial services industry, said that amid a lack of meaningful pick-up in private sector capex, the saving grace for rating firms has been a slew of big-ticket bond issuances by banks as lenders typically seek out pedigreed ratings for their market instruments. Edited excerpts:

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