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Last Updated : Jan 24, 2019 06:24 PM IST | Source: Moneycontrol.com

Editor's Take | The continuing mess at IL&FS

Uttaresh Venkateshwaran is in conversation with Moneycontrol's Deputy Executive Editor Ravi Krishnan to discuss the downgrade and the crisis at IL&FS.

Moneycontrol News @moneycontrolcom

Ratings agency ICRA has placed ratings of six mutual fund schemes from three fund houses -- HDFC, UTI and Aditya Birla -- under watch with negative implications due to their exposures to special purpose vehicles (SPVs) of Infrastructure Leasing & Financial Services (IL&FS).

Earlier, rating agency Crisil had majorly cut creditworthiness of two IL&FS SPVs too claiming 'heightened risk' of defaults as IL&FS management had taken a new stance on repayments.

Uttaresh Venkateshwaran is in conversation with Moneycontrol's Deputy Executive Editor Ravi Krishnan to discuss the downgrade and the crisis at IL&FS.
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First Published on Jan 24, 2019 06:24 pm
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