Indian banks’ Viability Ratings (VR) will continue to benefit from improved operating conditions and performance in the near term, said a global rating agency. “We expect Issuer Default Ratings (IDRs) to remain stable across banks as they are driven by our expectation of extraordinary support from the Indian sovereign (BBB-/Stable), should there be a need,” Fitch Ratings said in a statement. Click here to follow our WhatsApp channel Two Indian banks’ VRs were upgraded in 2023, with upside possible for several banks as Fitch expects the recent, better-than-expected, financial performance, mainly in asset quality and earnings, to be maintained, it said. The recent revision of the…
Read More…
Indian banks’ Viability Ratings to benefit from improved performance: Fitch | Banking
