In December last year, the media reported that the market regulator was probing how the country’s credit rating agencies failed to spot stress in IL&FS and maintained high ratings till the default on its debt instruments occurred.
The fact that the rating tumbled from AAA to junk in a matter of weeks was a wake-up call for all players in the debt market. After all, should not a rating agency raise timely red flags ahead of a default?
In an attempt to restore faith in the agencies and ensure that they are not caught napping, SEBI implemented some measures. One of them being...
Read more at https://morningstar.in/posts/53243/bond-analysts-must-keep-eye-stock-market.aspx
The fact that the rating tumbled from AAA to junk in a matter of weeks was a wake-up call for all players in the debt market. After all, should not a rating agency raise timely red flags ahead of a default?
In an attempt to restore faith in the agencies and ensure that they are not caught napping, SEBI implemented some measures. One of them being...
Read more at https://morningstar.in/posts/53243/bond-analysts-must-keep-eye-stock-market.aspx
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