Debt Quality Index declines again in February, says CARE Ratings

However, there was a marginal improvement seen in January this year on account of enhancements in higher rated debt papers

The quality of debt of companies in India declined again in February amid the volatile market and economic slowdown.

CARE Ratings Debt Quality Index (CDQI) denotes whether the quality of debt is improving or declining on a scale of 100 with the base year of 2012. It declined marginally by 0.13 points in February to 87.89. Intuitively, an upward movement indicates improvement in quality of debt benchmarked against the base year. 

After a small improvement of four basis points to 88.04 in January, CDQI again declined marginally by 0.13 points in February to 87.89, CARE Ratings said in a statement.