Consumer Services, Industrials and Consumer Discretionary Companies Lead Credit Rating Downgrades

Posted on Updated on

Heckyl’s analysis of the credit rating data for 4,000 companies has shown that the Companies from Consumer Services, Industrials, Consumer Discretionary, Financial Institutions and Commercial Services sectors have dominated the credit rating downgrades from Jan. 1, 2020 to Apr. 10, 2020.

Credit Ratings is one of the Datasets that has been captured in Heckyl’s Risk Analytics System (RAS) for both public and private Indian companies. Our system monitors the changes in a company’s credit ratings on a day-to-day basis. Moreover, our rule-based engine triggers alerts based on changes in the credit rating.

Sector-wise Company Downgrades

RAS has identified 120+ companies downgraded by the credit rating agencies from Jan. 1, 2020 to Apr. 10, 2020. Out of the total, the ratings for 27 companies have been downgraded from Investment Grade to Speculative Grade. From the list of 27 companies, the ratings for 4 corporates have been downgraded to Default from Investment Grade.

We have highlighted the Heatmap below for consumer services companies whose credit ratings have been downgraded during Jan. 1, 2020 to Apr. 10, 2020 period.

Consumer Services Cos Heatmap

Jumbo Finvest Ltd has been downgraded by Acuite to C, while Steel Hypermart India Pvt Ltd and Shirdi Sai Electricals Ltd have been downgraded by Brickwork and CRISIL respectively to Default.

RAS is a first of its kind innovative application that provides early warning signals through analysis of traditional and alternative datasets for identifying distressed sectors and companies ahead of time.

To know more about RAS, email us at info@heckyl.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s