CRISIL highlights robust credit quality among Indian companies during H2FY24, buoyed by factors like deleveraged balance sheets and sustained domestic demand. Rating upgrades outpaced downgrades, with 409 upgrades and 228 downgrades recorded. While the credit ratio moderated slightly to 1.79 times, compared to 1.91 times in H1FY24, the overall outlook remains positive. This resilience reflects India Inc’s ability to navigate economic challenges and underscores the stability of its credit landscape.
CRISIL Report: Indian Companies Maintain Strong Credit Quality in H2FY24
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