scorecardresearchSebi seeks details on companies with high ratings via promoter guarantees

Sebi seeks details on companies with high ratings via promoter guarantees

Updated: 04 Jul 2022, 09:37 AM IST
TL;DR.
Markets regulator also seeks details of firms which refuse to share data with rating agencies
Companies lower cost of borrowings on bank loans and bonds through mechanisms like ‘letter of comfort, ‘letter of undertaking’, and stock collaterals which improve credit ratings by a few notches.

Companies lower cost of borrowings on bank loans and bonds through mechanisms like ‘letter of comfort, ‘letter of undertaking’, and stock collaterals which improve credit ratings by a few notches.