India Incs debt quality declines by 0.23% after four-straight positive months
After sequentially declining by 0.01% in first month of current fiscal year, the index performed in an upward direction from June - August 2016. This would be the first major decline in this fiscal.
Care Ratings’ Debt Quality Index (CDQI) declined in the September 2016, after rising for four straight-months.
In September 2016, the CDQI stood at a negative 0.23%, from earlier rise of 0.24% recorded in August 2016.
After sequentially declining by 0.01% in first month of current fiscal year, the index performed in an upward direction from June – August 2016. This would be the first major decline in this fiscal.
The index showed a continuous decline from May’15 (when it was first announced by CARE) to Dec’15. After improving marginally in Jan’16 and Feb’16, the index declined considerably in Mar’16.
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