Mumbai: A large number of companies rated by credit rating agencies are classified as non-cooperating as many of them refuse to share information or do not see value in continuing a rating relationship.
Data shared by Prime Database show that of the total 41,271 issuers across seven rating agencies in India, as many as 60% or 24,877 issuers were classified as non-cooperating as of FY23. The total number of issuers stood at 34,646 in FY18 of which the proportion of non-cooperative issuers was at 28%
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