Some pick-up seen in ratings business: Naresh Takkar
Stocks of rating agencies like ICRA and CRISIL have been buzzing ahead of the IPO of CARE Ratings. However, fundamentals of the ratings business remain sluggish. Naresh Takkar of ICRA explains that while there has been some pick-up in ratings of loans and bond issuances, the sluggishness in the economy is keeping the business under pressure. He adds that intense competition in the ratings business is also keeping margins in the business under check.
