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India needs to let credit agencies do their work - opinion
August 01, 2012
Fitch is expected come out on top after it was sued for publishing a rating. This is a step towards financial transparency, but more reform is needed to get rating agencies operating at full force.
Foreign investors were almost given yet another reason to think twice about investing in India.
The Calcutta High Court decided in March that Fitch Ratings should be prevented from publishing a credit rating on Srei Infrastructure Finance’s bonds. The court...
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