Rating companies report sharpest rise in upgrades, improvement in creditworthiness

UPSC Practice recommends Rating companies report sharpest rise in upgrades, improvement in creditworthiness.

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.

Courtesy: Economic Times

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