Current Affairs · Credit Ratings and Corporate Governance
Which of the following statements are correct regarding CRISIL's 'Watch Negative' action on IndusInd Bank's long-term debt instruments? (1) CRISIL flagged Rs. 5,500 crore worth of IndusInd Bank's debt instruments under watch with negative implications. (2) The bank's short-term rating was downgraded to A2 from A1+. (3) The rating action was triggered by top-level resignations and internal concerns over microfinance and derivatives businesses. (4) CRISIL highlighted concerns about the bank's gross NPA ratio as the key reason for review.
- 1Only 3 and 4
- 2Only 2 and 4
- 3Only 1 and 3✓
- 4Only 1 and 2
Correct answer
Only 1 and 3
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