India pandemic Government Waves India

Covid third wave may pose threat to credit profile of India Inc

Reading now: 455
www.livemint.com

credit outlook of Indian companies is expected to be positive, but the third wave of the pandemic, if it assumes large proportions, is key monitorable and would be a risk.

Credit ratio of companies rated by Care Ratings has recovered to 2.05 in the first half of the financial year 2022 from a sequential improvement of 1.27 in previous six months (October to December).

Credit ratio of these companies were in downward trajectory in the earlier three half years. Credit ratio is number of upgrades to number of downgrades.

A ratio of more than 1 indicates there are more upgrades than downgrades, and vice versa. In the April-September period, Care Ratings upgraded ratings of 301 entities and downgraded ratings of 147 entities. “Inspite of the

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA