The Economic Times  Jun 15  Comment 
Lenders tell government payment schedules have to be reworked.
The Times of India  Jun 14  Comment 
Officials from four leading banks — State Bank of India, Punjab National Bank, HDFC Bank and Axis Bank — briefed the inter-ministerial group on the woes of the telecom sector. The panel has officials from the telecom and finance ministries.
The Economic Times  Jun 14  Comment 
The group, comprising officials from telecom and finance ministries, is meeting operators and lenders to discuss financial difficulties faced by the telecom industry.
The Economic Times  Jun 7  Comment 
Moody's downgraded the company to "Ca" from "Caa1," while Fitch downgraded it to "Restricted Default (RD)" from "CCC."
Reuters  Jun 6  Comment 
Credit agencies Moody's and Fitch downgraded Reliance Communications to default levels on Tuesday, their second ratings cuts in as many weeks, after the telecoms company said it had won a reprieve from lenders that would allow it to avoid paying...
The Times of India  Jun 5  Comment 
Credit rating agencies in India are caught in a gale triggered by downgrades, defaults and a grim spectre of bad loans. Sebi has sought information from agencies on whether investors could have been alerted and rating actions could have been...
The Economic Times  Jun 4  Comment 
Sebi has sought information from agencies on whether investors could have been alerted and rating actions could have been initiated earlier.


Default refers to the failure to pay his or her debt on a timely basis or to comply conditions of an agreement or an obligation. Some example of default are loan defaults which the borrower does not pay back his loan on the date agreed with the bank.

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