Tuesday, October 16, 2018

Moody's raises concern on liquidity

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Rating agency Moody’s has raised concerns over the current liquidity situation in the capital markets, which was triggered following the debt defaults by IL&FS in September this year. 

In a note released recently, the rating agency says that the continued liquidity stress for an extended period of time will have a deep impact on Indian non-banking finance companies  and erode their credit profiles significantly.

It also added that the ongoing liquidity crunch may also prove negative for the broader economy.

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