June 19, 2019

Why credit analysts must keep an eye on the market

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

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