Banks open to exploring a pact on sharing default info with rating firms

For the first time, leading banks have said they are willing to explore an arrangement for sharing some information on corporate defaults with rating companies. At a meeting last week, officials of some of the large state-owned and private sector banks told CRAs that they are open to the idea and would await the agencies to suggest a format for sharing information, a person familiar with the discussion told ET.

from Stocks-Markets-Economic Times https://ift.tt/d25tjSu