Looking At Rating Agencies' Methodologies: Sitharaman

Finance Minister cites instances of firms that collapse despite high ratings

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Union Finance Minister Nirmala Sitharaman said her Ministry was looking at the manner in which credit rating agencies were rating firms and assets and whether the methodology was conducive for businesses.

“I have met a few credit rating agencies to understand the way in which they rate the company or assets and whether it was consistent with what was happening in the economy,” she said while delivering the sixth G. Ramachandran Memorial Lecture organised by The Southern India Chamber of Commerce and Industry.