India with the Lowest AAA cos Rating Amongst Emerging Markets: Crisil Ratings
Highlights
There is only 0.85% of AAA rated companies in India out of globally rated companies.India out of globally rated companies, which is far behind the ratings projected by countries like China, Taiwan, Thailand, and South Korea.If 32,500 AAA rated Indian companies were to be assessed on the global scale, their ratings will be boxed on a far narrow bound between BBB category and D on the global scale - Crisil
The amount of AAA rated companies in India is amongst the lowest as compared to the other companies in the emerging markets. Crisil believes even the companies which are rated AAA in India cannot be compared with other AAA-rated companies around the world.
It is astonishing to believe that there is only 0.85% of AAA rated companies in India out of globally rated compan...