Although credit rating agencies (CRAs) had concerns regarding the operations of the debt-ridden IL&FS group during the period June 2012 to June 2018, the ratings assigned by them were consistently high and the same were reversed only after June\/July 2018, as per the observations of Grant Thornton India LLP, which was appointed by IL&FS\u2019 audit committee to conduct a special audit. <\/p>\n
The advisory firm, which carried out a digital forensic audit of the electronic communication of 11 former key employees\/key managerial personnel (KMP) of the IL&FS group, alleged that the credit rating rationale, which is supposed to be drafted by the rating agencies, was materially modified or significant suggestions from the former key employees of IL&FS were incorporated to provide and support good ratings given by the CRAs.<\/p>\n","protected":false},"excerpt":{"rendered":"
Although credit rating agencies (CRAs) had concerns regarding the operations of the debt-ridden IL&FS group during the period June 2012 to June 2018, the ratings assigned by them were consistently high and the same were reversed only after June\/July 2018, as per the observations of Grant Thornton India LLP, which was appointed by IL&FS\u2019 audit committee to conduct a special audit. The advisory firm, which carried out a digital forensic audit of the electronic communication of 11 former key employees\/key managerial personnel (KMP) of the IL&FS group, alleged that the credit rating rationale, which is supposed to be drafted by […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-283529","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=283529"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283529\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=283529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=283529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=283529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}