Moody's may downgrade ICICI Bank, HDFC Bank and Axis Bank
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Moody's may downgrade ICICI Bank, HDFC Bank and Axis Bank

Mumbai : India | Apr 30, 2012 at 2:39 AM PDT
Source: The Economic Times
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The review is mainly because of lower sovereign ratings of India. Standalone credit assessment ratings of these lenders are currently positioned above India's sovereign debt rating. "Moody's expects to position the standalone credit assessments of most banks globally at (or below) the rating... FULL ARTICLE AT The Economic Times
 
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