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Stand Alone Credit Profile - SACP- 

by

Standard & Poors

 of

Banks in India

Bank Name Long term rating Short term SACP
Axis Bank BBB- with negative bias A-3  
HDFC Bank BBB- with negative bias A-3  
ICICI Bank BBB- with negative bias A-3  
Bank of India BBB- with negative bias A-3 BBB-
IDBI Bank BBB- with negative bias A-3
Indian Bank BBB- with negative bias A-3 BBB
Indian Overseas Bank BBB- with negative bias A-3 BB+
State Bank of India BBB- with negative bias A-3
Syndicate Bank BBB- with negative bias A-3 BB+
Union Bank BBB- with negative bias A-3 BB+

Bank Loan rating

SACP reflects the stand alone ability to repay the funds borrowed
Recent comments :

* Standard & Poors recently lowered the SACP of SBI from BBB to BBB- wef from 10/10/2012. SBI's NPL is 5% as on 30/06/2012  with Mid-Corporates and Agriculture showing signs of stress.Concern over high credit cost and credit slippage in restructured loan books.

* Standard & Poor's recently lowered the SACP of Union Bank of India from BBB- to BB+ with effect from 10/10/2012. The Bank's exposure to Power Sector is a cause of worry as the sector itself faces huge challenge due to fuel shortage, delay in environmental clearance & slow pace of tariff reforms.

Sovereign Rating of India

CURRENT INDIA  RATING of  S & P

BBB-

Outlook lowered to  negative from stable
 

S & P

 

Moody's

 

Fitch

 
Rating action lowers outlook to negative in April 2012. warns in June 2012 of downgrade to "non- investment" grade maintains stable outlook in June 2012 <--> in June 2012 lowers outlook to negative

pressures huge debt burden, high fiscal deficit   weak fiscal performance, uncertain policy environment.   limited progress on fiscal consolidation  
strengths high foreign exchange reserves   robust savings rate, competitive private sector   high domestic saving and investment rates, strong forex reserves  
growth outlook favourable long term growth prospects   grow below 7% in near term   decline in pace of economic growth  
             

Standard & Poor's sovereign rating of India is just a notch above the junk grade.The negative outlook signals a 33% probability of a downgrade of sovereign rating of India within next 24 months if country's growth prospects become dim,its external position deteriorates,its political climate worsens and /or fiscal reforms slow down.

 

 

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