SEBI Fines Three Credit Rating Agencies For IL&FS Debt Rating

Stock market regulator Securities and Exchange Board of India (SEBI) has imposed a fine of Rs 25 lakh on each of three leading credit rating agencies for their failure to carry out proper due diligence when assigning credit ratings to the troubled Infrastructure & Leasing Finance Services (IL & FS).

Election Festival over! Back to Business now for India Inc.

Election season saw an ideological debate – but economic growth is a thing of consensus – its time for India to shift focus back to progress and development.

Yes Bank’s long-term ratings downgraded

India Ratings downgrades Yes Bank’s long-term ratings India Ratings has downgraded Yes Bank’s long-term issuer rating from ‘IND AA plus’ to ‘IND AA minus’ with a negative outlook. On May 4, rating agency ICRA had downgraded the bank’s tier-I bond from ‘AA-minus‘ to ‘A‘ and tier-II bonds…