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Apr 25, 2012, 05.16 PM IST
SBI-ICICI-HDFC-OUTLOOK-SP-BANKS-INDIA:S&P revises outlook for SBI, ICICI, 9 other financial institutions
(The following statement was released by the rating agency)
Standard & Poor's Ratings Services said today that it had revised the outlooks on its long-term counterparty credit ratings on 11 financial institutions to negative from stable. At the same time, we affirmed our long-term and short-term counterparty credit ratings as well as our issue ratings on all these financial institutions. Our banking industry country risk assessment (BICRA) score on India is unchanged at 5.
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