When IL&FS, one of India’s largest infrastructure financiers and developers defaulted on inter-corporate deposits and bond repayments, all hell broke lose. Rating agencies downgraded the company’s credit ratings by several notches. Many debt funds that had invested in the AAA-rated bonds issued by IL&FS took a hit as the prices of the supposedly high quality paper crashed or rating agencies marked down their value. Some 33 debt and hybrid funds cumulatively held Rs 2,900 crore worth of b ..
Financial Terms Like Mutual Fund, IPO and Bond Now In Sign Language For Differently-Abled
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