Twenty-eight sectors are set to witness a recovery in demand back to pre-pandemic levels by the end of the fiscal, while for the remaining ones, it will be upwards of 85 per cent, Crisil said. "We believe India Inc is on higher and stronger footing," its chief ratings officer Subodh Rai said.
A CRISIL study of 43 sectors, accounting for 75 per cent of the Rs 36 lakh crore outstanding rated debt, excluding the financial sector, showed that the current recovery is broad-based.
India Inc credit outlook turns positive, upgrades rise: Crisil prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
Crisil Ratings revises India Inc s credit quality outlook to positive thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Mumbai (Maharashtra) [India], June 5 (ANI): The expansion of Emergency Credit Line Guarantee Scheme (ECLGS) announced by the government will help companies in sectors like civil aviation, hotels and tour operators where demand has been severely affected by the intense second wave of Covid-19 pandemic, rating agency Crisil has said.