The CareEdge Debt Quality Index (CDQI) has been on an upward move since November 2021. The index continued  to witness the healthy improvement in February 2023 as it moved to 93.35 as against 93.05 in January 2023 on  account of increase in rated debt in the investment grade rating categories. 

About the CDQI Index 

CareEdge Debt Quality Index (CDQI) denotes the quality of debt that can be interpreted over time and juxtaposed  with other developments in the financial sector. The CDQI captures, on a scale of 100 (index value for the base  year FY12), whether the quality of debt is improving or declining. Intuitively an upward movement indicates an  improvement in the quality of debt benchmarked against the base year. As it is contemporary with minimum time  lags, the health of the debt and credit markets is encapsulated on a near-real-time basis.  

The dataset comprises 1,674 companies from our portfolio of 2,980 companies as of March 2012. The dataset is  revisited at regular intervals and is replaced suitably with a new set of companies with a similar rating and an  approximate volume of outstanding debt rated in case an entity ceases to have a rating coverage. Currently, the  volume of debt of the sample companies stands at Rs 47.7 lakh crore in February 2023.