Motilal Oswal
    NIFTY 50
Motilal Oswal
Feb 06, 2019 06:23 AM IST | Finance

Govt in talks with Sebi to make credit rating agencies more responsible

Rating agencies have come under pressure after they failed to raise timely red flags ahead of debt defaults by Infrastructure Leasing and Financial Services Ltd (IL&FS) until after a subsidiary defaulted on some of its debt last year.
Sebi, in November last year, issued norms for enhancing disclosures by credit rating agencies, asking them to furnish information whether the rating is factoring in support from a parent, group or government.
Published Date: Feb 5th, 2019 01:45 PM | Updated Date: Feb 06, 2019 06:23 AM IST
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

More From
Live TV