Crisil said that nearly 80% of its ratings in the first half of the fiscal did not change but the rate of upgrades improved to 16.70% from around 14% in the second half of last fiscal and up from about 3% two years ago. The downgrade rate on the other hand was flat at 3.02%.
from Banking/Finance-Industry-Economic Times https://ift.tt/m6YICBy
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