MUMBAI: Credit score ranking upgrades for Indian firms have continued to outnumber downgrades within the first half of FY25. The speed of upgrades, nonetheless, has slowed since FY22.
The development of upgrades has been acknowledged by main credit score ranking businesses. This optimism is fuelled by robust home progress pushed by govt investments in infrastructure and a resurgence in rural demand.In line with Icra, there’s a broader development of debt discount amongst Indian firms, contributing to their improved creditworthiness.
