Credit Consciousness - A Fixed Income Behavior Assessment: IDFC AMC

A man holds a two thousand Indian rupee banknote and a five hundred Indian rupee banknote. (Photographer: Dhiraj Singh/Bloomberg).

Credit Consciousness - A Fixed Income Behavior Assessment: IDFC AMC

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IDFC AMC Research Report

The credit market had approached the first wave of the pandemic last year with a certain amount of caution.

The economic fallout was hard to predict given the unique nature of the shock. This, alongside recent specific events in the market, was justifiably weighing on risk perceptions even as spreads on offer were fairly lucrative.

As it turned out the right analytical construct for assessing the Covid-19 shock was that of the ‘K’ shaped recovery.

Thus for the larger/better to do companies and individuals this was largely a stoppage in time without much impact to survivability.

In fact many companies actually succeeded in meaningfully deleveraging themselves and creating cash on balance sheet.

Click on the attachment to read the full report:

IDFC AMC Research Credit Consciousness - A Fixed Income Behavior Assessment - June 2021.pdf

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