 "IL&FS")
The Enforcement Directorate (ED), which is keeping an eye on rating agencies, has issued a summons to the chief rating officers of ICRA and CARE Ratings in connection with the money-laundering probe into the activities of Infrastructure Leasing & Financial Services (IL&FS).
The officers have been asked to appear before the agency on Thursday in its Mumbai office. According to sources, the officers have to explain why IL&FS got the highest level of creditworthiness.
An ED official said, “We have called them to know how they assigned the AAA rating to IL&FS and whether they followed due diligence, which is
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