Three rating firms downgraded the debt instrument of ILFS and the group firms between May and July but #39;default#39; status was not assigned citing strong state-owned promoters and shareholder backingILFS debt crisis: Rating agencies learn a lesson, trust neither shareholders nor large structures
Three rating firms downgraded the debt instrument of ILFS and the group firms between May and July but #39;default#39; status was not assigned citing strong state-owned promoters and shareholder backing
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