Friday, September 28, 2018

ILFS debt crisis: Rating agencies learn a lesson, trust neither shareholders nor large structures

ILFS debt crisis: Rating agencies learn a lesson, trust neither shareholders nor large structures Three rating firms downgraded the debt instrument of ILFS and the group firms between May and July but #39;default#39; status was not assigned citing strong state-owned promoters and shareholder backing

from Moneycontrol Business News https://ift.tt/2Iq86Oq
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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...