[Burning Issue] IL&FS Crisis

WHY IN NEWS IL&FS Group, a vast conglomerate that funds infrastructure projects across the world’s fastest-growing major economy, sent shock waves through credit markets when it began missing debt repayments. That’s caused concern not just for its myriad investors, including private individuals, who had regarded IL&FS debt as rock-solid. KEY TERMS Commercial paper is an unsecured, … Continue reading [Burning Issue] IL&FS Crisis