Underrated

That there are only two defaults on CRISIL’s long-term credit ratings (both manufacturing entities) in the first six months of 2008-09 probably paints too optimistic a picture. The finance minister admitted that forex derivative losses were a massive Rs27,300 crore but pose no systemic risk. But is this the full extent of losses or are companies still hiding their loans to promoters’ private...

Premium Content
SINGLE ARTICLE
You can buy this article individually, which will give you access only to this article.
Pay Per Article Gift An Article
Already a subscriber ? Log in
Free Helpline
Legal Credit
Feedback