credit rating agency

The credit offtake in India remained at elevated levels of 17.5 per cent year-on-year (YoY), reporting robust growth for the fortnight ended December 2, said credit rating agency CARE Ratings.

A combination of factors like the deterioration in its liquidity due to long receivable cycle, increased business disruption risk due to inquiries by the government, and the expiry of eligibility for the FAME II government…