Haircuts for operational creditors are at par with financial creditors, says ICRA report
Updated : June 20, 2019 06:23 AM IST
The operational creditors -- vendors and companies who have dues from a distressed company -- are assumed to be unsecured creditors, unlike the secured financial creditors like banks.
The operational creditors have been successful in maintaining their ratio of payouts because of an eye on maintaining relationships by the successful bidders in resolutions processes, ratings agency iCRA said.
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