India Inc's debt quality improved sharply in H2FY21: Crisil
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The credit ratio, the ratio of upgrades to downgrades of company debt, scaled to 1.33 in H2FY21 with 294 upgrades against 221 downgrades, compared to the decadal low of 0.54 recorded in the first half of the previous fiscal, Crisil said in a report on Friday.
Agencies
According to a resilience study of 42 sectors in the economy, 34 sectors accounting for 89% of rated debt had fully recovered to pre-pandemic levels
Improved demand conditions and a return to positive growth in the Indian economy led to sharp improvements in the quality of company debt, in the second half of FY21, according to rating agency