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Business Tit-Bits: The rating agencies that lied


The recent Grant Thornton (GT) forensic report on the dubious and collusive role of the rating agencies, in the entire over Rs. 1 lac crore ILFS scam is shocking. GT reviewed the suspicious role of the five rating agencies, CRISIL, CARE, ICRA, Brick work and India Ratings, during the period 2008 to 2018 and its findings are incriminating and deserve a criminal punishment for these raters. We give you all the details. #IL&FS #AkhileshBhargava #UdayKotak

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