India Inc's credit quality strong in first half of FY23
Instances of rating upgrades by ICRA were over three times that of downgrades in H1 FY23
credit rating agencies
October 2022
December 2020
April 2020
July 2019
UP’s ‘Atmanirbhar’ step for infra financing
Lucknow Municipal Corporation’s ₹200 crore bond, listed on BSE, has seen an oversubscription of 4.5 times and joins 8 Indian cities, together raising an aggregate of ₹3,690 crore.
When fear overtakes greed
Franklin Templeton India has closed six yield-oriented schemes—which accounted for 63.4% of its total debt-oriented funds’ average AUM. It links the closure to Covid-19-related market dislocations.
Short-term relief for NBFCs
The government’s partial credit guarantee on asset purchases does not address investors’ long-term concerns about the sector’s exposure to stressed real estate: Fitch Ratings.
