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.
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.
