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Just 1% firms keen on one-time debt recast as biz outlook improves: Crisil

This is despite the fact that two-thirds of Crisil-rated entities are eligible for restructuring, based on Kamath Committee parameters

debt restructuring, loans, recast, moratorium
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In August 2029, Reserve Bank of India (RBI) had formulated OTDR scheme for companies under stress due to the Covid-19

Abhijit Lele Mumbai
With improving business sentiment and ongoing gradual recovery, only one per cent of rated Indian companies have shown interest in one-time debt restructuring (OTDR) scheme, according to rating agency Crisil. 

In August 2020, the Reserve Bank of India (RBI) had formulated OTDR scheme for companies under stress due to the Covid-19 pandemic. It had set up a panel headed by former ICICI Bank chairman K V Kamath to suggest norms for OTDR. 

The rating agency in a statement said its preliminary analysis of 3,523 such non-MSME companies rated by it indicated as many as 99 per cent of companies (excluding

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First Published: Nov 17 2020 | 2:28 PM IST

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