Corporate credit profile was robust in FY24, says India Ratings and Research

Corporate India’s credit profile reported robust performance during FY24, with 312 issuers seeing credit upgrades and 114 facing downgrades during the fiscal year, rating agency India Ratings and Research said on Monday. The rating agency’s corporate downgrade-to-upgrade (D/U) ratio remained low at 0.37 for FY24, but saw some moderation from 0.26 in FY23. Defaults stood … Read more

India Inc’s credit quality improved in 2nd half of FY22: Rating agencies

Corporate India’s credit quality showed a sharp improvement in the second half of FY22, but high input prices and withdrawal of pandemic-related relief measures can pose pressures in the new year, rating agencies said on Friday. Crisil Ratings, which rates a large number of financial sector entities, reported an improvement in the credit ratio — … Read more