IL&FS SPV downgrade hits 6 debt mutual fund schemes

The decision came after a downgrade of these SPVs to ‘default’ by Crisil after they halted repayments citing a court-ordered moratorium on all payouts by IL&FS group firms to their debtors.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2UaejCq
via IFTTT