Rating companies report sharpest rise in upgrades, improvement in creditworthiness
Rating companies reported sharpest rise in June quarter upgrades bucking the trend of downgrades since the beginning of the pandemic early last year as local companies regain business normalcy, demonstrating better creditworthiness, amid a slew of relief measures. Credit Ratio, a gauge for financial health of companies, shot up to 2.08 in June quarter from … Read more