News From Press Tackling debt funds when bonds get downgraded

Tackling debt funds when bonds get downgraded

Source: Mint Jun 7, 2017

When rating agencies downgraded IDBI’s short- and long-term bonds on 23 May 2017, there was a flutter among investors. These bonds are held by institutional and individual investors either directly or through mutual funds. While ICRA Ltd has downgraded the long term bond to just above junk rating at BBB–, Crisil Ltd has downgraded it to BBB+ and both have kept it on a negative outlook on a ratings watch.

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