NEW DELHI: ICRA is working on addressing issues pertaining to credit rating of crisis-hit IL&FS and its subsidiaries and has sought help from external experts in the matter. "The company is in the process of addressing certain matters related to credit rating assigned to one of its customer and its subsidiaries, and an anonymous representation," ICRA said in a regulatory filing on quarterly earnings announced Thursday. The company will consider the implications, if any, in due course, upon completion of these matters, it added. Income during the period also fell to ₹95.19 crore from ₹99.65 crore in year ago same period. Profit during the full year 2018-19 also fell by 3.9% to ₹96 crore, however the income was up by 0.7% at ₹274.70 crore.

Source: Mint May 10, 2019 18:22 UTC