Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessMarketsCRISIL says record 188 companies defaulted in FY12

    CRISIL says record 188 companies defaulted in FY12

    As many as 188 entities rated by CRISIL defaulted on interest payments during financial year 2011-12 (April-March). According to CRISIL, this is the highest in a single year in absolute terms, and on a relative basis, translates into a 10-year high annual default rate of 3.4%.

    April 03, 2012 / 18:19 IST

    Moneycontrol Bureau

    Here is some more evidence about the poor health of the economy. As many as 188 entities rated by CRISIL defaulted on interest payments during financial year 2011-12 (April-March). According to CRISIL, this is the highest in a single year in absolute terms, and on a relative basis, translates into a 10-year high annual default rate of 3.4%.

    first published: Apr 3, 2012 02:31 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347