New Delhi, May 28 -- Indian corporates remain broadly resilient, supported by strong balance sheets and domestic demand, although 8 sectors face material credit risk, according to Crisil Ratings, which stress-tested 34 sectors.

The agency assessed the impact of the ongoing West Asia conflict on credit quality across these sectors representing 65 per cent of its rated corporate debt.

The exercise assumed supply-chain disruptions lasting nine months this fiscal and crude oil prices averaging USD 110 per barrel - more severe than its base case of six months of disruption and USD 95 per barrel.

The results indicate that prolonged disruptions could shave approximately 200 basis points (bps) off corporate operating profitability this fiscal,...