Moody's: Central Bank of India view to negative

Moody's Investors Service said it revised the outlook for Central Bank of India to negative from stable.

The bank has local- and foreign-currency long-term and short-term deposit ratings of Baa3/prime-3.

The revised outlook considers that the bank's comparatively modest capital level and weak asset quality will be further pressured in the current difficult operating environment, Moody's said.

The agency said it views the bank as more vulnerable than its similarly-rated peers, given its relatively riskier loan book, which includes a high proportion of loans to troubled industries.

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