 "Over Rs 1.6 trillion debt downgraded by credit rating agencies in August")
According to fund managers, the rise in the number of companies where rating agencies have withdrawn or suspended ratings is concerning. Credit ratings for 135 debt issuances were suspended or withdrawn in August, according to data from the Securities and Exchange Board of India.
This was the highest number in this fiscal. The value of issuances that have lost credit ratings stood at Rs 66,120 crore in August, taking the tally to Rs 1.6 trillion for this financial year. Sharp downgrades can adversely impact the returns of investors exposed to debt schemes which make large allocation to
