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Outlook On 12 Indian Banks Revised To Negative Following The Sovereign Rating Action Feb 09 Product Image

Outlook On 12 Indian Banks Revised To Negative Following The Sovereign Rating Action Feb 09

  • Published: February 2009
  • Region: India
  • Standard & Poors

FEATURED COMPANIES

  • Axis Bank Ltd.
  • Bank of India
  • HDFC Bank Ltd.
  • ICICI Bank Ltd.
  • IDBI Bank Ltd.
  • Indian Bank
  • MORE

Abstract
SINGAPORE (Standard & Poor's) Feb. 24, 2009--Standard & Poor's Ratings Services said today that it had revised the outlook on the counterparty credit ratings for the following Indian banks to negative from stable: -- Axis Bank (BBB-/A-3) -- Bank of Baroda (BBB-/A-3) -- Bank of India (BBB-/A-3) -- Canara Bank (BBB-/A-3) -- HDFC Bank Ltd. (BBB-/A-3) -- ICICI Bank Ltd. (BBB-/A-3) -- IDBI Bank Ltd. (BBB-/A-3) -- Indian Overseas Bank (BBB-/A-3) -- Indian Bank (BBB-/A-3) -- State Bank of India (BBB-/A-3) -- Syndicate Bank (BBB-/A-3) -- Union Bank of India (BBB-/A-3) The outlook revisions follow a similar revision to the sovereign credit rating on India (BBB-/Negative/A-3). See article titled "India-s Outlook Revised To Negative On Increasing Fiscal Deficit; 'BBB-' Rating...

Companies mentioned in this report are:
- Axis Bank Ltd.
- India (Republic of) (Unsolicited Ratings)
- State Bank of India
- Bank of Baroda (Unsolicited Ratings)
- Bank of India
- IDBI Bank Ltd.
- Union Bank of India
- Canara Bank (Unsolicited Ratings)
- Indian Overseas Bank
- ICICI Bank Ltd.
- HDFC Bank Ltd.
- Syndicate Bank
- Indian Bank

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- Axis Bank Ltd.
- India (Republic of) (Unsolicited Ratings)
- State Bank of India
- Bank of Baroda (Unsolicited Ratings)
- Bank of India
- IDBI Bank Ltd.
- Union Bank of India
- Canara Bank (Unsolicited Ratings)
- Indian Overseas Bank
- ICICI Bank Ltd.
- HDFC Bank Ltd.
- Syndicate Bank
- Indian Bank

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