Opinion | Dark clouds of credit defaults are still hovering, but all is not lost yet

Ever since the car started sputtering in September 2018 with the IL&FS episode, the journey has not been smooth. Every other day, a new pothole is discovered. Some credit rating downgrade, some default or delinquency, or other issues have been there in the grapevine. Losses have been suffered in investments in bonds, mutual funds and even provident funds. Though the credit environment looks depressing, things are not as bad as they seem. It is not yet time to withdraw your investments from fixed-income securities. Here’s a perspective on the negativity.

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