CRISIL's Roopa Kudva: "It Is Very Important for Rating Agencies to Be Transparent."

In the wake of the global financial crisis, rating agencies have come under fire. Because they are funded by the very debt issuers they rate, questions have been raised about their impartiality. In an interview with India Knowledge@Wharton at the Wharton India Economic Forum earlier this year, Roopa Kudva, South Asia regional head for Standard & Poor's and managing director and CEO of S&P's Indian subsidiary CRISIL, offered her perspective on what role rating agencies play in the marketplace, why they should still be funded by issuers and what they can do to help mitigate potential conflicts of interest. 📂 Finance & Accounting