RBI's moratorium on loan repayments largely benefited mid-sized sub-investment grade companies
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According to Crisil Ratings, Reserve Bank of India's moratorium on loan repayments largely benefited mid-sized sub-investment grade companies. More than 2,300 non-financial companies availed the moratorium announced by the central bank on March 27. The rating agency said around 75% of these had sub-investment grade credit ratings (BB+ or below) from Crisil, and were already facing a dent in their business.