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In June 2020, three of the large global rating agencies – Moody’s Investors Service (“Moody’s”), Fitch Ratings (“Fitch”) and S&P Global Ratings (“S&P”) reviewed India’s sovereign credit rating. Interestingly, the agencies diverged in their approaches – Moody’s, which had previously rated India a
Read time: 3 minutes
The COVID-19 pandemic has changed, at least temporarily, all facets of society and has had a truly global impact. The scale of fatalities and the losses suffered by families are truly tragic. Whilst the impact of the virus from a medical perspective is starting to become clearer, the economic impact of the pandemic is still largely unknown. From Europe to Asia and the United States, businesses have been tested to their very limits by having to deal with often very stringent lockdown measures in an attempt to control the spread of the virus. This blog examines how the COVID-19 pandemic affects the Indian economy, especially non-performing assets (NPAs).
Continue Reading India – a special situation? The impact of COVID-19 on Indian non-performing assets