Long and Short II: Of credibility crisis, debt traps and solving insolvency
longandshort.substack.com
Hello! A massive infrastructural giant gave kickbacks to credit rating agencies presumably for favourable ratings, a housing finance company is close to shutting down and Rs 1 lakh crore of public debt is on the line, RBI fined the biggest bank in the country for hiding defaults and frauds, india’s insolvency court made a dangerous decision and government borrowings seem to be stuck in a debt trap. That’s just some of the stuff that happened last week which caught my eye. Too much for a Saturday morning, eh? I know. Let’s jump right in and I promise there’ll be something good at the end.
Long and Short II: Of credibility crisis, debt traps and solving insolvency
Long and Short II: Of credibility crisis…
Long and Short II: Of credibility crisis, debt traps and solving insolvency
Hello! A massive infrastructural giant gave kickbacks to credit rating agencies presumably for favourable ratings, a housing finance company is close to shutting down and Rs 1 lakh crore of public debt is on the line, RBI fined the biggest bank in the country for hiding defaults and frauds, india’s insolvency court made a dangerous decision and government borrowings seem to be stuck in a debt trap. That’s just some of the stuff that happened last week which caught my eye. Too much for a Saturday morning, eh? I know. Let’s jump right in and I promise there’ll be something good at the end.