The CDQI in June was stable as the enhancements in debt were largely off-set by reduction in borrowing programmes of highly rated borrowers.
Reflecting consolidation in the credit profile, corporate debt quality remained steady in June 2022 after having gradually improved since February 2022.
The reading on CareEdge Debt Quality Index (CDQI) was 92.56 for June, the same level in May 2022, according to CARE Ratings
. After a pause in January 2002, the print on the index moved up for four months from 91.96 in February 2022 to 92.56 points in May 2022.
The CDQI captures the improvement or decline in the quality of debt on a scale of 100 (index value for the base year FY12). Intuitively, an upward movement indicates an improvement in the quality of debt benchmarked against the base year. The volume of debt of the sample companies
First Published: Jul 15 2022 | 8:10 PM IST