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Role of Rating Agencies In Debt Market Fiasco

posted on 07 October 2015 by Sunil Jhaveri

Default on repayment of NCDs by an auto component company has created huge ripples in the debt markets. On top of that downgrade of one of the companies in the steel sector has created a paranoia kind of situation in the minds of Advisors & Investors alike. All are looking to take the first opportunity to exit out of debt market schemes from these Credit Accrual schemes. Let us analyse roles of some of the market participants in this whole chain to take some rational decisions rather than have knee jerk reactions & repent at leisure.