How hard will the second Covid wave hit India Inc? N Sivaraman, ICRA MD, answers
"We need to wait and see how many of the micro and small enterprises in the unorganized sector have coped with the situation and how soon they will get back to normalcy. It could take 12 months or so for them to stabilize after normalcy returns."
Synopsis
"The cash flows have been coming in and working capital cycles have improved. The government also released claims and subsidies, further enhancing the cash flows. The measures put in place by the government and the monetary authorities have ensured that systemic liquidity is strong. "
Rating companies are at the receiving end whenever there's a credit market blow-up. India is no exception. ICRA, the local unit of Moody's Investor Services, carried its share of blame. N. Sivaraman, an industry veteran, is now the managing director at the credit-rating company. In an interview with Saikat Das and MC Govardhana Rangan, he lays out his roadmap. Edited excerpts;
As a rating company you have an aerial view of the corporate world.
