Why Does IL&FS Ratings Downgrade Matter to You
Clinton Fernandes 15 September 2018
In the previous week, rating agencies ICRA, CARE and India Ratings downgraded the bonds, long-term loans and short-term commercial papers of Infrastructure Leasing & Financial Services (IL&FS) and its subsidiaries. It is interesting to note that IL&FS did not seek ratings from CRISIL.
The credit ratings of IL&FS’ bond papers went down by nine notches to ‘BB’ grade, which is...
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