The firm said the negative outlook primarily reflects the risk of further deterioration in the bank's solvency, funding or liquidity, as it continues to work through the asset quality issues and rebuilds its loss-absorbing buffers. Fall in share price will challenge the bank's ability to raise sufficient capital to maintain the rating at its previous level
Reforms implemented to date will advance the government's objective of improving the business climate, enhancing productivity and fostering sustainable growth, Moody's said.
Mumbai: International rating agency Moody's on Monday maintained its negative outlook on the country's banking sector, citing worries over asset quality and overall economic growth prospects."The negative outlook reflects our views that economic growth will
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