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Deferring loan payment by top rated companies indicates time for bail-out is now

A report by rating agency ICRA shows that several blue-chip companies, including some that are triple-A rated and those belonging to top business groups, have sought payment relief from lenders.

April 28, 2020 / 09:14 AM IST
Deferring loan payment by top rated companies indicates time for bail-out is now

  Businesses both large and small, across the world and India, are facing cash-flow problems on account of negligible activity during the lockdown period. With revenues down to a trickle, companies are finding it difficult to meet their fixed costs. It is no surprise then that the smaller companies will be the worst hit. However, a report by rating agency ICRA shows that several blue-chip companies, including some that are triple-A rated and those belonging to top business groups, are facing...

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