Why credit rating agencies are real threat to financial markets?
Why credit rating agencies are real threat to financial markets? Click here: https://www.financialexpress.com/market/cafeinvest/why-credit-rating-agencies-are-real-threat-to-financial-markets/1490838/ Updated: February 20, 2019 1:39:22 PM In recent weeks, many large-scale disasters in the financial market like ILFS, DHFL, and now Zee Group is due to the lack of prudent rating by rating agencies. Even after guidelines, there are series of high-profile disasters in stock markets including AAA-rated instruments going burst. (Representational photo) By:- Vijay Sardana In recent weeks, many large-scale disasters in the financial market like ILFS, DHFL, and now Zee Group is due to the lack of prudent rating by rating agencies. This is the classic case when private rating agencies are going all out to retain their fee by lending reports to please the promoters. Once again, I am saying this is not the end of bad news. We must take a proactive stand and force the rati