As Debt Woes Spread, India's IL&FS Ratings Cut to Lowest Levels
A cyclist rides across a clearing near residential buildings in Noida, Uttar Pradesh, India.(Photographer: Anindito Mukherjee/Bloomberg)

As Debt Woes Spread, India's IL&FS Ratings Cut to Lowest Levels

(Bloomberg) -- The Indian infrastructure finance and construction firm that has rocked the nation’s credit markets with rare defaults had some of its credit ratings cut as low as they can go, as mo...
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