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CARE Strikes Again!

June 6, 2013

Just when we were beginning to fear that CARE Ratings was losing the ability to amuse and amaze the Indian debt markets, CARE has struck again.  The reason for our fear was simple- it has been almost a month since CARE published a truly idiotic rating.  Today CARE downgraded Educomp, a company on which CARE had a high single A rating until recently, to D.  As usual, CARE was late to the party- the default had occurred sometime back.   But have no fear- CARE has several tricks up its sleeves to amuse and amaze us!


From → Credit Analysis

One Comment
  1. Pande permalink

    Pls see arch pharmalabs also on care site….downgraded within couple of months from A/A1 to D.

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