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.
Bu hikaye Financial Express Mumbai dergisinin April 02, 2024 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin April 02, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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