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Default rate hits 10-year high: Crisil
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Default rate hits 10-year high: Crisil
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Published On: April 04, 2012
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Pawan Agrawal, Senior Director at Crisil Ratings spoke about default rate hitting a 10-year high. He says that there have been 188 instances of default in FY12 with textiles, steel, construction, engineering accounting for a fourth of the defaults.
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