ICICI Bank UK has high level liquidity, assets: Moody's

Published on Mon, Oct 13, 2008 at 08:40 |  Source : CNBC-TV18

Updated at Mon, Oct 13, 2008 at 13:28  

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Financial crisis had triggered rumours about the fate of domestic banks, specifically ICICI Bank . However, global rating agency Moody's has given the bank's UK operations a good grading, declaring that the ICICI Bank UK has a robust asset quality, liquidity and a high level of capitalisation. The bank's rating has been reaffirmed at Baa1 for senior debt, which is higher than the foreign currency senior debt rating of any Indian bank. Moody's sees no high risk sub-prime securities in ICICI Bank UK's investment book. Back home ICICI Bank has lodged a police complaint against some brokers for spreading malicious rumours against the bank via SMS.

  

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