Moody’s changes Icici UK view

Moody's Investors Service said it affirmed the Baa1 long-term deposit, senior unsecured debt ratings and counterparty risk ratings of Icici Bank UK plc, as well as its Baa1(cr) counterparty risk assessment.

Furthermore, Moody's affirmed Icici UK's ba2 standalone baseline credit assessment, ba1 adjusted baseline credit assessment and Ba1 subordinated debt.

At the same time, the agency revised the outlook for Icici UK's long-term deposits and senior unsecured debt ratings to negative from stable in line with the outlook change on its parent Icici Bank Ltd.

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