Sebi penalizes rating agencies over lapses in IL&FS https://www.livemint.com/news/india/sebi-penalises-care-a...
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IL&FSTRANS 
Reputation: 194,042 • Dec 27, 2019 5:14 AM
Sebi penalizes rating agencies over lapses in IL&FS
Icra, CARE Ratings, India Ratings fined ₹25 lakh each for lapses in their duty to investors by not taking timely action when they rated NCDs of IL&FS.Sebi found rating agencies guilty of excessively relying on assertions of IL&FS management
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