Syntax plastic technology limited defaulted on some of its borrowings. Sebi said that BWR's behavior was in complete disregard of what's expected from a CRA. SEBI also laid to declare fresh ratings when reliance capital Bhushan steel limited, Gayatri products limited, Diamond Power infrastructure limited, and Z entertainment enterprises limited defaultedon obligations.
In today's episode for 10t October 2022, we look at how SEBI is planning on getting credit rating agencies in line.