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Rating downgrades rise even as defaults stay low. ICRA explains why

Updated : October 09, 2019 06:30 AM IST

Rating agency ICRA downgraded the ratings of 266 companies reflecting at a rate of 14.6 percent.
At the same time, instances of upgrades, at 170, witnessed a decline, ICRA said.
ICRA said that the credit quality pressures on India Inc. have been persisting for several years now.
Rating downgrades rise even as defaults stay low. ICRA explains why
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