Saturday, 29 September 2018

IL&FS debt fiasco: How did the epic fail go unnoticed

Credit rating agencies have come under scrutiny for failing to see the financial troubles brewing at the financier. Until July, India’s credit rating companies had investment grade ratings on billions of dollars of corporate debt raised by the IL&FS Group and its subsidiaries, even as trouble had started at the conglomerate in June.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2DDVKmT
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