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Morgan Stanley upgrades Axis Bank to ''overweight''

Last Updated: Tuesday, November 19, 2013, 19:44

Morgan Stanley also adds valuation multiples for Axis Bank factor in a fair degree of weakness.

Moody's maintains negative outlook on Indian banks

Last Updated: Monday, November 18, 2013, 15:10

International rating agency Moody's on Monday maintained its negative outlook on the country's banking sector, citing worries over asset quality and overall economic growth prospects.

Moody's downgrades SBI's debt rating to 'Baa3'

Last Updated: Monday, September 23, 2013, 21:15

Global rating agency Moody's on Monday downgraded the senior unsecured debt and local currency deposit rating of country's largest bank SBI by a notch to 'Baa3' from 'Baa2', citing asset quality and recapitalisation concerns.

Fitch downgrades PNB, BoB viability ratings

Last Updated: Monday, September 23, 2013, 20:59

Global rating agency Fitch Monday dowgraded viability ratings of the state-run Punjab National Bank and Bank of Baroda by one notch to 'bb+' from 'bbb-' while retaining their long-term issuer default ratings at 'bbb-'.

Banks to remain stressed next year too: Fitch

Last Updated: Thursday, December 13, 2012, 20:44

Maintaining negative outlook on the country's banking sector, Fitch Ratings Thursday said gross bad assets of domestic banks could reach 4.2 percent of advances this fiscal and the asset quality could remain stressed over the next year.

Outlook for India's banking system remains negative: Moody's

Last Updated: Tuesday, December 04, 2012, 15:24

Global rating agency Moody's on Tuesday said its outlook on Indian banks remains negative as asset quality could further deteriorate, leading to decline in profitability due to slow economic growth and high interest rates.

Outlook for India's banking system remains negative: Moody's

Last Updated: Tuesday, December 04, 2012, 15:24

Global rating agency Moody's on Tuesday said its outlook on Indian banks remains negative as asset quality could further deteriorate, leading to decline in profitability due to slow economic growth and high interest rates.

S&P says SEB loan recast not to hit sovereign rating, banks

Last Updated: Monday, September 10, 2012, 18:17

S&P had spooked the government and markets in April when it lowered the sovereign outlook to negative while retaining the BBB- rating.

Moody’s hits credit ratings of 28 Spanish banks

Last Updated: Tuesday, June 26, 2012, 09:47

Moody’s on Monday downgraded credit ratings of 28 more Spanish banks even as Madrid has asked for a bailout of 100 million euros (USD 125 billion) from its eurozone partners.

Govt flays Fitch rating action, says banks fully capitalised

Last Updated: Thursday, June 21, 2012, 15:13

A day after global rating agency Fitch downgraded to negative the credit outlook of 12 Indian financial institutions, the government on Thursday said there was no reason for such action.

Fitch lowers rating outlook of SBI, ICICI, PNB among others

Last Updated: Wednesday, June 20, 2012, 13:33

Global agency Fitch Wednesday revised downwards credit rating outlook of 12 financial entities including SBI, ICICI Bank and PNB to negative, following a similar revision for India's sovereign outlook.

S&P retains stable credit rating outlook for banks in FY'13

Last Updated: Tuesday, March 13, 2012, 21:25

Global rating agency Standard & Poor's (S&P) Tuesday maintained stable credit rating for domestic banks even as it warned that they are likely to face headwinds on their asset quality and margins which could deepen if economic growth further loses momentum.