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.
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. Read the rest of this entry »
Heckyl Credit Risk Early Warning System captures company-related red-flags based on a variety of business rules. We have analyzed more than 1,400 credit rating releases issued recently.
We have identified 200+ credit ratings related red-flags for both listed as well as private limited companies.
We highlight four red-flags related to credit ratings downgrades that you may have missed:
#1. S.B. Industries (24-Jul-17):
Update: Issuer not cooperating, based on best-available information; Rating downgraded to ‘CRISIL D/CRISIL D’ Read the rest of this entry »