RBI governor Shaktikanta Das.
RBI governor Shaktikanta Das.

Publishing: Rating agencies play critical role in providing stability to financial sector: Shaktikanta Das

  • Domestic credit rating agencies include Care, Icra and India Ratings and Research
  • Shaktikanta Das held a meeting with top officials of credit rating agencies as part of stakeholder consultation exercise

MUMBAI : Reserve Bank Governor Shaktikanta Das on Friday said credit rating agencies play a critical role in the stability and efficient functioning of the financial sector.

Das on Thursday held a meeting with top officials of credit rating agencies as part of stakeholder consultation exercise.

"Credit Rating Agencies (CRAs) have a critical role in the financial sector, its stability and efficient functioning. Held a meeting with MD/CEOs of CRAs yesterday as part of stakeholder consultation," he tweeted.

Domestic credit rating agencies include Care, Icra and India Ratings and Research.

CRAs have off late come under criticism for failing to timely identify the stressed assets of IL&FS, which saw a series of defaults in loan repayments.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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