Will India Inc see rating downgrades on back of localised lockdowns?

MUMBAI: Rating companies will likely be busy the next few months as they assess the risk of the latest round of business curbs after a series of regulatory and judicial interventions swept many weaknesses under the carpet after the first round of lockdowns last year.

While no immediate rating downgrades could happen, a lot of companies in hospitality, retail, travel & tourism, commercial real estate and entertainment could see sharp