But even when public information is available, they often don’t connect the dots, as independent analyst Hemindra Hazari points out in this example, where a company continued to service one lender’s loans even as it defaulted on all other banks.
Tucked away in the notes to the 4QFY2025 accounts of Karnataka Bank, a century-old regional private sector bank which once enjoyed a conservative reputation,...
The raison d’etre of credit rating agencies (CRAs) is to anticipate events such as defaults before they occur. With access to companies’ privileged information,...