ED's searches at corporates may tarnish business prospects, constrict funding access: Fitch

Fitch Ratings said that Indian law-enforcement agencies' investigations could potentially damage a corporate's business reputation and constrict funding access, particularly when there is reduced market confidence, despite no wrongdoing being identified. This warning comes after the recent searches by the Enforcement Directorate at Manappuram Finance.

from Banking/Finance-Industry-Economic Times https://ift.tt/XiNlQK2