On October 8, 2013, Arun K Saha wrote to Parthasarthy regarding the contract with rating agency Crisil after meeting with then-MD of Crisil, Roopa Kudva. Saha wrote, "Post your meeting with Roopa Kudva, there has been a series of officials visiting for business development. Crisil has just concluded the rating surveillance of ITNL and they would revert in next few days on the removal of the existing outlook Negative. We would engage with them for the new businesses after the foregoing. (sic)"