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Rating agencies knew of stress at India’s IL&FS, but gave good ratings – audit

Rating agencies knew of stress at India’s IL&FS, but gave good ratings – audit

Audit firm Grant Thornton was appointed by IL&FS’ new board to conduct the review following the government’s decision to take charge of the group after its defaults on debt obligations sparked fears of financial contagion.



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20th Jul 2019 / by / in

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