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Admin Reporter- Pooja

Jul 09 2019


Care Ratings sees massive fall in credit quality metrics in Q1

Tuesday, 9 July 2019

In what is illustrative of the deepening slowdown, Care Ratings has seen a massive deterioration in the credit quality of the entities it tracks during the first quarter of the current fiscal year.

 

 

 

The modified credit ratio, or the number of upgrades to downgrades, has slipped to a six-year low of 0.8 during the June quarter, the agency said July 8.The number of upgrades to downgrades ratio had been hovering around the ideal level of 1 for over a year and stood at 1.02 in the March quarter.The agency, however, did not mention the number of companies it rates or the number of rating actions.

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