 "malls, retailers, sanitation, disinfectant, retail, shops, brand, clothes, shopping, spending, sale, consumer, coronavirus, covid-19")
Revenues of mall operators are set to halve this financial year because of the Covid-19 pandemic-driven lockdowns, according to Crisil’s analysis of the top 10 malls it rates.
These malls have a total rated debt of Rs 4,200 crore and cover 7.5 million square feet (msf), with a pan-India presence. These have strong sponsors and a high debt service coverage ratio (DSCR) of 1.5 times on average.
"Hence, notwithstanding pressure on revenues, impact on credit quality of Crisil-rated malls is expected to be limited in the near term. Much of the impact on mall revenue is because multiplexes, food courts, restaurants and
