India Inc’s credit profile strongest in FY17, unsafe corp debt below 10%

India Inc's credit profile strongest in FY17, unsafe corp debt below 10%

India Inc’s credit profile was at its strongest last financial year (FY) with less than 10 per cent of the corporate debt securities rated as unsafe for investment — the lowest level so far for such issues.

Credit rating agencies (CRAs) rated a total of 1,204 long-term corporate debt securities worth Rs 17 lakh crore in 2016-17, according to the latest data compiled by the Securities and Exchange Board of India (Sebi).

[“Source-ndtv”]