Covid Impact on India Inc.- Credit Perspective

30 June 2020

The general impact of COVID 19 on the economy including various sectors has been adverse as a rule with few exceptions. The overall prospects for the year do not look good; and while a negative top line GDP growth can be taken for granted, as a credit rating firm we are concerned on how our ratings get affected. The credit view hence of various sectors becomes important as at the end of the day, a partially functioning economy which would take an uneven amount of time across sectors to normalize would have a differentiated impact across the credit quality of industries.

Ajay Mahajan MD & Ceo of CARE Ratings

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