Press "Enter" to skip to content

S&P affirms HDFC Bank score

The financial institution’s asset high quality stays among the many finest within the Indian banking trade as a consequence of its higher threat administration and portfolio range.

S&P Global Ratings on Saturday affirmed HDFC Bank’s issuer credit standing at BBB-/Stable/A-Three and senior unsecured score at BBB-, including that the lender’s score will transfer in tandem with that of the sovereign.

“We affirmed the rating on HDFC Bank Ltd to reflect the bank’s strong business franchise and better funding and liquidity profile than industry peers,” S&P analysts wrote, including that HDFC Bank’s capitalisation is comfy, supported by sturdy earnings and common capital elevating to fund above-average development.

The financial institution’s asset high quality stays among the many finest within the Indian banking trade as a consequence of its higher threat administration and portfolio range.

Get reside Stock Prices from BSE and NSE and newest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and comply with us on Twitter.

Financial Express is now on Telegram. Click right here to hitch our channel and keep up to date with the most recent Biz information and updates.



Source hyperlink

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    %d bloggers like this: