According to an industry report by global rating agency, Standard & Poor's, the credit profiles of companies in South Asia, particularly Indian companies, are improving. Higher demand for products and services stemming from good domestic macro-economic conditions, along with a gradual improvement in the global economy has strengthened the credit profiles of companies in the region. According to Standard and Poor's, Indian companies with large operations in Europe and the US have already started to benefit from the global economic recovery. Exporters and producers of commodities that are linked to global prices have also gained.