ICRA

Performance of ICRA-assigned credit ratings in FY2020 GoI’s fiscal deficit rose by 21.7% to Rs. 10.4 trillion in April-February FY2020; expenditure would need to be curtailed below the FY2020 RE by Rs. 1.1-1.2 trillion to prevent a fiscal slippage in absolute terms Sharp reduction in small savings rates for Q1 FY2021, following 75 bps cut in the policy Repo rate, to improve transmission to bank lending rates

Rating Process

Recent Releases

PNB Housing Finance Limited: Rating downgraded to [ICRA]AA(Negative)

Rationale / 03 Apr 2020

Essvy Constructions India Pvt. Ltd.: Rating reaffirmed

Rationale / 03 Apr 2020

Jaypee Infra Ventures Private Limited: Grading Reaffirmed

Rationale / 03 Apr 2020

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ICRA Special Comments

Performance of ICRA-assigned credit ratings in FY2020
Others / Apr 2020 GoI’s fiscal deficit rose by 21.7% to Rs. 10.4 trillion in April-February FY2020; expenditure would need to be curtailed below the FY2020 RE by Rs. 1.1-1.2 trillion to prevent a fiscal slippage in absolute terms
Key Economic Indicators / Apr 2020 Sharp reduction in small savings rates for Q1 FY2021, following 75 bps cut in the policy Repo rate, to improve transmission to bank lending rates
Key Economic Indicators / Apr 2020 Read more