Page 8 - Credit Rating
India, Russia to develop 'independent' credit rating industry
India and Russia today vowed to develop a credit rating industry that is "independent from political conjecture" -- a move that follows apprehensions about global agencies being biased towards large economies like the US and China. In a joint declaration, Prime Minister Narendra Modi and Russian President Vladimir Putin also said they would also explore harmonisation of the respective laws in the two countries regarding credit ratings. The move assumes significance in the wake of several commentators and policy makers in India raising concerns that the global rating agencies have not been upgrading India's sovereign credit rating despite its improving economic and political fundamentals, even as China was viewed favourably by the same agencies. Globally, there are a handful of rating agencies and most of them are headquartered in the US. Most of the agencies including Fitch, S&P and Moody's have given India the lowest investment grade rating -- just a notch above the junk ...
 "India, Russia to develop 'independent' credit rating industry")
Watch out for credit risk in corporate debt paper
Betting on high-risk debt, investing in an MF with high credit risk can hurt in current environment
 "Watch out for credit risk in corporate debt paper")