Chronic- stressed firms rise by 1%

New Delhi: Showing unabated corporate debt troubles, the number of ‘ chronically stressed companies’ has gone up this year with a significant 39 per cent firms having insufficient revenue to service even their interest costs, a new survey showed on Tuesday. According to Credit Suisse India, contrary to expectations of a recovery in stressed companies, the share of debt with interest cover ( IC) of less than 1 saw a slight increase of up to 39 per cent as against 38 per cent in the fourth quarter of the previous fiscal.