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MSME credit demand surges as markets reopen in June: Report

MSME credit demand surges as markets reopen in June: Report
prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.

Rating upgrades see a sharp rise in June quarter since Covid outbreak

Rating upgrades see a sharp rise in June quarter since Covid outbreak SECTIONS Share Synopsis 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

India calls in airline industry chiefs to plot a full-scale revival from COVID-19
gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.

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