S&P upgrades India's bankruptcy regime ranking to Group B
pre-market1 source ↓written by the desknot a recommendation
S&P Global Ratings has upgraded India's insolvency regime ranking to Group B from Group C, citing improved creditor-friendliness in the bankruptcy resolution framework. The Insolvency and Bankruptcy Code (IBC) has enhanced credit discipline, leading to a rise in average recovery values to over 30%. This change reflects a more favorable environment for creditors and may boost investor confidence in the Indian market.
Not investment advice. For informational purposes only.