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  • News From Press What the credit rating of a financial instrument signifies

    What the credit rating of a financial instrument signifies

    Source: Mint Nov 26, 2018

    Earlier this month, the markets regulator Securities and Exchange Board of India issued a circular tightening disclosure norms for credit rating agencies in India. You can read the circular here

    The circular has been issued after the credit rating agencies abruptly downgraded ratings of bonds sold by IL&FS and related entities after they defaulted on payment obligations in September. Credit rating agencies (CRAs) had downgraded the bonds from high investment grade (AA+ in some cases) to default or junk. 

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