Of the total NCD maturities of non-banks in the current fiscal, lower rating categories (A+ and lower, excluding entities in default) is only about 11-12%. Targeted funding to these entities would help them weather near-term headwinds. About 85-90% of the CP maturities pertains to AAA/AA+ rated entities, which are likely to be rolled-over or refinanced by other sources.
from India Infoline News Service https://ift.tt/2XWv6N6
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