Impact of COVID-19 on the credit rating of companies by separate industry

Articles in Press

Document Type : Original Article

Authors

• Seyed Ali Hosseini ¹
• Golshan Mohammadi Khanghah ²

¹ Department of Accounting, Faculty of Social Sciences and Economics, Alzahra University, Tehran, Iran

² Faculty of Social Sciences and Economics, Alzahra university, Tehran, Iran

10.22067/ijaaf.2025.87066.1455

Abstract

Subject: The business environment of companies is very competitive, In order to attract resources, one of the most essential factors is credit risk. Considering the importance of credit risk from different points of view, it is important to identify the factors that affect it.this research investigates the impact of COVID-19 on credit risk of companies by separate industries to identify the sectors that need government support and help to improve the economic situation.

Methodology: This paper used 298 companies admitted to the Iranian capital market between 2019 and 2020.

Findings: The results of this research showed; in the Automobiles industry and parts, essential metals, and chemical products, credit rating is increased.

Conclusions: Considering the increase in the credit rating of companies in some industries, it can be concluded that the occurrence of other factors at the same time as the spread of COVID-19 has an impact on the credit rating, including inflation, the increase in the price of the dollar, withdrawal from the JCPOA, and Economic variables and conditions.

Keywords

• Credit rating
• credit risk
• COVID-19

Main Subjects

• Accounting

---