Summary

Fiscal 2019 was marked by normal monsoons, moderating inflation and continued government spending, even as private sector spending lagged. Besides sharp rupee depreciation in the first half and GDP growth slipping below 7% in second half, other dampeners included liquidity squeeze in debt and equity markets, curtailed access to funds for a few sectors.

With the year behind us, it’s time to take stock of trends in credit quality measures such as the credit ratio and the debt-weighted credit ratio for CRISIL’s rated portfolio and also to understand outlook on credit quality for fiscal 2020. It is also pertinent to look at metrics that can help benchmark rating agencies and see how performance of CRISIL’s ratings stacks up in the evolving environment.

In this backdrop, CRISIL Ratings hosted a webinar where our experts discussed

• Trends seen in credit quality in fiscal 2019 and primary drivers of these trends
  
• Which sectors did well and which didn't
• CRISIL's outlook on credit quality for the near to medium term
• Quality and performance of CRISIL’s ratings