Rating firms seek to withdraw nearly half of India debt ratings

The current situation means that ratings don’t fully reflect the credit health of issuers, according to a document from major raters submitted to India’s central bank Wednesday and seen by Bloomberg. That underscores challenges for a country mired in a credit crisis triggered by the 2018 default of a top-rated shadow lender.

from Economy-News-Economic Times https://ift.tt/2Zt7vnX