Moody's takes ratings action on 11 banks; downgrades SBI, HDFC, IndusInd, EXIM Bank

Moody’s takes rankings motion on 11 banks; downgrades SBI, HDFC, IndusInd, EXIM Financial institution

A day after downgrading India’s sovereign ranking, Moody’s Traders Service on Tuesday took ranking motion on eleven Indian banks. These banks embody State Financial institution of India, HDFC Financial institution, IndusInd Financial institution, Financial institution of Baroda, Punjab Nationwide Financial institution, Union Financial institution of India, Canara Financial institution, Financial institution of India, Central Financial…

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Fitch Ratings downgrades Future Retail, Tata Motors; revises JSW Steel, Tata Steel outlook to negative

Fitch Rankings downgrades Future Retail, Tata Motors; revises JSW Metal, Tata Metal outlook to adverse

India’s Tata Motors, Future Retail, JSW Metal Ltd, Tata Metal Ltd, and Cairn India Holdings Ltd. are amongst high corporates within the Asia Pacific (APAC) area which have both been downgraded or given a adverse revision (to their score outlook) by Fitch Rankings. The American credit standing company has lowered the rankings of 28 corporates…

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