Barely 1% of investment-grade firms keen on RBI's loan recast 2.0: Crisil

Of those inclined to seek restructuring, 95% are sub-investment grade; Crisil qualified views by saying these are preliminary readings from its survey

Hardly any investment-grade companies are showing interest in restructuring their debt under the resolution framework 2.0 of the Reserve Bank of India, Crisil said on Thursday, as demand conditions improve with a pickup in economic activities after the passing of the second wave.

Based on a preliminary analysis of 4,700 eligible companies that it rates, the rating agency said, “barely 1% of eligible companies in the portfolio of CRISIL Ratings have opted for, or are contemplating, the debt restructuring facility offered by the RBI,” under its second restructuring package.

Of those opting for, or are inclined to seek restructuring, 95