Second Covid-19 wave to dampen recovery of corporate sector: ICRA

by Nidhi Bhati

Rating agency ICRA has cautioned that the continuing resurgence in Covid-19 cases, along with proliferation of localised restrictions, could dampen the pace of recovery for the Indian corporate sector. The rating agency expects six sectors, namely aviation, hotels, restaurants & tourism, media & entertainment-exhibitors, microfinance institutions, real estate-retail and retail, to be at high risk from the second pandemic wave, but much lower than in 2020. It further stated that the percentage of ICRA-rated portfolios that would be severely impacted by the second wave will be limited to four per cent much lower than the 17 per cent seen last year.

References
1. https://www.thehindubusinessline.com/economy/resurgence-in-covid-19-to-dampen-pace-of-recovery-for-india-inc-icra/article34431147.ece