Negative signal

2012-01-24 20:23:01

Negative signal G. SRINIVASAN AP The signage of Moody's Corporation in New York. Critics see very little substance in ratings by global agencies. THE United States-based ratings agency Moody's recently revised Syndicate Bank's local currency deposit ratings and all its debt ratings to negative from stable. In justification, the Moody's Investors Service cryptically noted that “the revision in the rating outlook factors in the increasingly challenging operating environment for Indian banks... Full Article at Frontline »