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Infra sector issues most upgraded by rating agencies
Mint Mumbai
|October 04, 2023
Rating agencies Crisil Ltd. and India Ratings and Research (Ind-Ra) upgraded over 550 debt ratings and downgraded over 250 during the April-September 2023 period (HI, FY24).
Infrastructure and linked sectors accounted for a large chunk of the upgrades and export-oriented sectors saw the largest downgrades due to weaker global trade conditions.
Crisil said it made 443 ratings upgrades and 232 downgrades during the six months.
The agency's rating upgrades for the period dipped marginally to 12.70% annually compared with 13.46% annually in the preceding half (H2, FY 23) while its downgrades rose 6.65% annually from 6.14% in H2, FY23.
Denne historien er fra October 04, 2023-utgaven av Mint Mumbai.
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