The good times are here again! Despite the slowing of credit, companies have been raising enough money and have been able to continue to bankroll their investments. Now, six firms are going to raise a total of Rs 55,000 crore of debt from global markets — given that four of them are banks, the multiplier effect will be even higher (‘Foreign bond market hums again as spreads decline’, Oct 16). It is difficult to believe that, just a year ago, experts were likening the situation to that of the Great Depression.
Sangeeta Singh, New Delhi
