‘Credit rating upgrades beat downgrades’ – The Times of India
MUMBAI: Credit rating upgrades outpaced downgrades in FY25, though the pace has slowed from FY24. In FY25, ICRA upgraded 301 entities and downgraded 150, with its credit ratio easing to 2.0x from a high of 3.0x in FY22. CareEdge‘s ratio rose to 2.35x in H2 from 1.62x in H1. Crisil‘s stood at 2.64x in H2,…