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Article: Moody's affirms ICICI Bank UK's financial strength rating.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- November 4, 2008
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Moody's affirms ICICI Bank UK's financial strength rating
London, Nov 4 (PTI) -- Global rating agency Moody's has reaffirmed its bank financial strength rating for ICICI Bank UK, the British subsidiary of top Indian private sector lender, while bringing long-term debt and bank deposit ratings in line with the baseline credit assessment for the parent.
Affirming a 'D' bank financial strength rating (BFSR), which implies modest intrinsic financial strength, and stable outlook on all the ratings for the UK entity, Moody's said that the long-term bank deposit and senior unsecured debt ratings for ICICI Bank UK are being changed from Baa1 to Baa2, which is ...