Business / Rating agencies play critical role in providing stability to financial sector: RBI Guv

Reserve Bank Governor Shaktikanta Das Friday said credit rating agencies play a critical role in the stability and efficient functioning of the financial sector. Das Thursday held a meeting with top officials of credit rating agencies as part of stakeholder consultation exercise. Domestic credit rating agencies include Care, Icra and India Ratings and Research. Stressed assets of IL&FS, which saw a series of defaults