About 3,400 rated firms eligible for recast under fresh rules: CRISIL

Actual number of units going for recast could be much lower as the impact of pandemic might be contained over next 2-3 months, says rating agency

About 3,400 investment grade firms from the Crisil-rated pool with an overall debt of Rs 50,000 crore will be eligible for debt restructuring under Resolution Framework 2.0 put in place to soften the blow from the second Covid-19 wave.

However, the actual number of units opting for recast could be much lower as the impact of pandemic might be contained over the next 2-3 months, according to the rating agency.

Amid the Covid resurgence, the RBI announced a slew of steps on May 05, including a restructuring window to mitigate impact of the pandemic on the businesses and individuals.

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