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India Inc credit outlook turns positive, upgrades rise: Crisil

India Inc credit outlook turns positive, upgrades rise: Crisil
prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.

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Crisil Ratings revises India Inc's credit quality outlook to 'positive'

Crisil Ratings revises India Inc's credit quality outlook to 'positive'
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Reaction on Aug 2021 Monetary Policy meeting - Industry Experts

Reaction on Aug 2021 Monetary Policy meeting - Industry Experts
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.

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Expanded ECLGS a lifeline for sectors hit by second Covid wave: Crisil

Mumbai (Maharashtra) [India], June 5 (ANI): The expansion of Emergency Credit Line Guarantee Scheme (ECLGS) announced by the government will help companies in sectors like civil aviation, hotels and tour operators where demand has been severely affected by the intense second wave of Covid-19 pandemic, rating agency Crisil has said. ....

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Over 300 pharma, healthcare companies eligible for new Covid loans: Crisil

As many as 354 CRISIL-rated companies, predominantly pharmaceutical firms and hospitals, with an aggregate bank exposure of Rs 40,000 crore will be eligible for Covid loans from lenders under RBI s liquidity facility.
Though pharmaceutical firms account for 68 per cent of rated bank exposure, hospitals (about 24 per cent of rated exposure) are likely to avail most of the funding available.
The borrowing cost of hospitals rated by CRISIL are 10.5-11 per cent. The new loans taken for expansion under this RBI scheme could be 300-350 basis points cheaper, leading to substantial interest savings for hospitals, CRISIL said a statement today.
Subodh Rai, Chief Ratings Officer, CRISIL Ratings, “increased availability of funds at low cost will incentivise hospitals to augment beds, oxygen storage, ICUs and critical medical equipment. Even if half of the funding available is used to add hospital beds through brownfield expansion, it will mean five lakh incremental beds, or ....

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