Moody’s cuts HDFC Bank, SBI to Baa3; takes rating action on 11 banks a day after India downgrade

A day after it downgraded India’s sovereign rating to Baa3, rating agency Moody’s today downgraded HDFC Bank and State Bank of India’s (SBI) long-term local and foreign currency deposit ratings to Baa3.

from Banking & Finance – The Financial Express https://ift.tt/2MlteYH