Mumbai (Maharashtra) [India], August 30 (ANI): Barely one per cent of eligible companies in the portfolio of Crisil Ratings have opted for or are contemplating the debt restructuring facility offered by the Reserve Bank of India (RBI) under its resolution framework 2.0, a survey of 4,700 companies shows.
As much as 95 per cent of those opting for or are inclined to seek restructuring belong to the sub-investment grade rating category. Put another way, investment-grade rated corporates are showing high resilience.In particular, most of the micro and small enterprises in India are unrated.The RBI announced the scheme on May 5 for borrowers including individuals, small businesses, and micro, small and medium enterprises (MSMEs) with aggreg…
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