THE CREDIT PROFILE of India Inc remained healthy in the finacial year 2023-24 as the number of rating upgrades exceeded downgrades.
There were 312 upgrades as compared to 114 downgrades in FY24, implying the ratio between the two was 0.37%, marginally higher than 0.26% in FY23, said India Ratings and Research on Monday. Crisil, on the other hand, gave 409 rating upgrades and 228 downgrades in the year.
Icra, meanwhile, said domestic consumption demand, government's infrastructure spending and healthy balance sheets lent support to India Inc's credit profile in the fiscal and upgraded two entities for every entity downgraded.
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Denne historien er fra April 02, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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