India Economics - Corporate Bond Market, Still One For Higher Rated Bonds: CARE Ratings
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CARE Ratings Research Report
Corporate bond spreads are good indicators of how the cost of borrowings for corporates has moved relative to the government.
Government securities have the advantage of security as they represent the sovereign and hence have the best pricing in the market.
For the corporate, the credit rating matters as the market uses this to determine the final price.
In FY21 there was tendency for corporate bond spreads to increase in May and June and then gradually taper downwards.
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