Moody's could cut ICICI Bank UK

Moody's Investors Service said it placed the Baa2 long-term debt and deposit ratings, P-2 short-term rating, Baa3 subordinated rating and Ba1 hybrid junior subordinated rating of ICICI Bank UK plc on review for downgrade.

Moody's said the action follows its announcement to place the C- standalone bank financial strength rating of the bank's parent, ICICI Bank Ltd., on review for downgrade along with two other Indian banks whose standalone credit assessments are currently positioned above India's sovereign debt rating.

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