Moody’s shifts IndusInd Bank view to stable

Moody’s Investors Service said it revised IndusInd Bank Ltd.’s outlook to stable from negative and affirmed its Ba1 issuer and long-term senior unsecured bond ratings.

“The change in outlook to stable from negative is driven by improvement in its funding and capital, and marginal asset quality deterioration because of the economic disruptions from the pandemic,” Moody’s said in a press release.

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