S&P lowers ratings on bonds of Icici, HDFC banks

Standard & Poor's said it lowered the long-term Greater China regional scale issue rating on bonds issued by the Bahrain branches of Icici Bank Ltd. and HDFC Bank Ltd. to cnBBB+ from cnA-.

The agency also said it affirmed the BBB- long-term issue ratings on these bonds.

S&P also said it lowered the Greater China regional scale ratings on the bonds following the launch of new national- and regional-scale mapping tables.

The BBB- sovereign rating on Bahrain maps to a cnBBB+ Greater China regional scale rating for the bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.