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MSME credit demand surges as markets reopen in June: Report
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Indian govt needs to do more to convince banks, NBFCs to lend to MSMEs: AIIB senior economist
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How Indian Businesses Are Pushing Digital Transformation For The MSME
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Rating upgrades see a sharp rise in June quarter since Covid outbreak
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The credit ratio, or upgrades over downgrades, has seen a steady rise since the first quarter of last year. The gauge was at 0.36 in April-June last year with 241 upgrades versus 662 downgrades. It was at 1.77 in January-March this year. A ratio below 1 indicates deteriorating financial health of the corporate sector.
Agencies
“The rate of upgrades rose at the sharpest pace since outbreak of the pandemic last year, said Acuite Ratings.
Rating companies reported sharpest rise in June quarter upgrades bucking the trend of downgrades since the beginning of the pandemic early last year as local companies regain business normalcy, demonstrating better creditworthiness, amid a slew of relief measures.
India calls in airline industry chiefs to plot a full-scale revival from COVID-19
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