Sunday, December 29, 2019

RBI blasts CRAs for allowing #39;rating shopping#39; to large borrowers

RBI blasts CRAs for allowing #39;rating shopping#39; to large borrowers Back home, a fortnight before ILFS went belly up in September 2018, rating agencies India Ratings, Icra and Care had given its debt papers AAA/AA ratings.

from Moneycontrol Business News https://ift.tt/2SATiU4

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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 ...