Rating agencies see more upgrades than downgrades in H1FY19

INSUBCONTINENT EXCLUSIVE:
Mumbai: Major rating firms- Crisil, Icra and Care Ratings see the number of ratings upgrades outpacing the number of down grades
credit ratio or number of upgrades to downgrades stood at 1.68 times in the first half of fiscal 2019, 1.45 times in the same period, a year
ago
remain strong, but rising interest rates could act as a mild dampener, Crisil said adding that all is hunky-dory because corporates face a
Credit Ratio (MCR) which is defined as the ratio of (upgrades and reaffirmations) to (downgrades and reaffirmations) for the first half of
capital structure, deterioration in debt servicing parameters (delays/default in debt servicing) and worsening liquidity positions were the
3.3 trillion in H1 FY2019, significantly higher than the total debt of Rs