IL&FS crisis puts credit rating firms on SFIO radar

New Delhi: The Serious Fraud Investigation Office (SFIO) is looking into methods used by credit rating agencies as part of its probe into a series of defaults by Infrastructure Leasing and Financial Services Ltd (IL&FS). “SFIO is looking into the issue from the specific angle of how comprehensive they (rating methods) are,” Injeti Srinivas, secretary, […]