The upgrade reflects the improvement in Technoparks cash flow due to leasing of additional commercial space across its Phases 1, 3 and Technocity
According to CRISIL, if Indian companies were to be assessed on a global scale, their ratings will be in the range of BBB and D
Share of rating segment in total revenue falls 120 basis points year-on-year to 27.4%
CRISIL said ratings assigned to Basel III tier I bonds have been reaffirmed for nine PSBs and outlook has been retained as 'Negative'
The 9.5 per cent NPA figure for March 2017 includes only two-thirds of the overall stressed assets, it said