ICRA Limited

Company Update: ICRA appoints N Sivaraman as Managing Director and Group CEO Company Update: ICRA appoints Ramnath Krishnan as President of Ratings Indian Auto Component Industry: 28% of ICRA’s portfolio availed moratorium for temporary relief, need for restructuring limited despite eligibility Spread between 10-year SDL and G-sec declined to ~64 bps in Q2 FY2021, from ~100 bps in Q1 FY2021 Forecast of FY2021 GDP contraction revised to 11.0%, owing to continued spread of Covid-19 pandemic

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Recent Sector Rationales

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ICRA Special Comments

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