"Fitch Ratings has downgraded Azure Power Energy's (Azure RG3) US dollar bond to 'BB' from 'BB+' and Azure Power Solar Energy Private's (Azure RG2) US dollar bond to 'BB-' from 'BB'.
What we will see as a secular trend in the debt community will be an expansion of markets and types of investors as mark key Indian names, which are now well-known internationally to investors, tap those markets, get this window of opportunity, says Amit Bordia of Deutsche Bank.