Indian mystery

Tbe big thing in ratings these days is contingent liabilities. In India''s case, no one is prepared to be open as to what they are.

At the FinanceAsia Asian Debt Conference this year, we were privileged to have the erudite Dr YV Reddy as a keynote speaker. The well-regarded deputy governor of the Reserve Bank of India was speaking about India's debt markets. He was clear and transparent.

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