Rating firms colluded with IL&FS executives: Audit https://ift.tt/30GBY0I - Walletnews For Me

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    Friday, July 19, 2019

    Home Business News: Latest News on Business Financial News India Business & World Business News Stock Markets Rating firms colluded with IL&FS executives: Audit https://ift.tt/30GBY0I

    Rating firms colluded with IL&FS executives: Audit https://ift.tt/30GBY0I

    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.
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