Friday, July 19, 2019

Rating firms colluded with IL&FS executives: Audit

A forensic audit on credit rating agencies has pointed to massive irregularities by top IL&FS executives in obtaining favourable ratings, with allegations that the agencies did not change the ratings despite knowledge of stress in the group, and colluded with the beleaguered entity’s management.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Y49LPR

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