Spreads have widened, and short-term borrowing costs have spiked since Infrastructure Leasing Financial Services (ILFS), an infrastructure development and finance company with a high domestic rating, defaulted on loan repayments in August and September.Financial markets facing #39;trust deficit#39;, ILFS default could strain weaker firms: SP
Spreads have widened, and short-term borrowing costs have spiked since Infrastructure Leasing Financial Services (ILFS), an infrastructure development and finance company with a high domestic rating, defaulted on loan repayments in August and September.
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The NCLT#39;s Ahmedabad bench has directed the RP to include GAIL in the list of creditors for both the companies.
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