As the COVID-19 pandemic rages on, we come to grips with the severe economic devastation left in its wake as India's GDP records its worst contraction in decades. CRISIL published Ratings Round Up at the very onset of this crisis in March 2020, delineating the vulnerability of various sectors and the aggregate economy, as well as a framework for sectoral resilience in a post-COVID-19 and post-lockdown world.
While the number of cases continue to rise at a rapid clip and the peak in terms of health of population still seems considerable time away, several high frequency indicators point towards a nascent recovery in industrial activity driven by unlock phases in some regions and less stringent lockdown in others, and rebound in rural consumption as a result of healthy monsoon.
How strong and sustainable is the demand recovery? How is sectoral resilience panning out in a post-lockdown world, even as there is no end in sight for the pandemic?
As first half of fiscal 2021 comes to a close, it is time to address some of these questions, assess credit quality trends for India Inc., as revealed from metrics such as credit ratio (upgrades to downgrades) and debt-weighted credit ratio for CRISIL-rated portfolio, and gauge CRISIL's credit quality outlook in this rapidly evolving environment.
In this backdrop, CRISIL Ratings invites you to a webinar where our experts will discuss:
Key credit quality trends and their primary drivers for H1-21
Sectoral resilience revisited in the face of the COVID-19 crisis
CRISIL's credit quality outlook for India Inc. for H2-21
Quality and performance of CRISIL's ratings
The presentation will be followed by a Q&A session with leadership from CRISIL Ratings.
