Tag: ESG

Discussing at length the changes that have engulfed the credit rating industry and the dynamics around ESG ratings, Gurpreet Chhatwal, MD, Crisil Rating, is confident that the credit ecosystem would be further strengthened. Edited excerpts:The ratings industry has seen a sea change since 2018, which was important for credibility enhancement…Indeed. In 2018 and 2019, we saw sharp rating downgrades in some large companies. While Crisil had not rated most of these companies, the credit rating industry came under a lot of scrutiny.The balance sheets of banks were also...