{"id":84707,"date":"2023-01-20T11:35:00","date_gmt":"2023-01-20T06:05:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=84707"},"modified":"2023-01-20T11:32:37","modified_gmt":"2023-01-20T06:02:37","slug":"biz-moodys-bank","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-moodys-bank\/","title":{"rendered":"Moody&#8217;s affirms deposit rating of SBI, upgrades for PNB, BoB, Canara Bank"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1925022429\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Moody&#8217;s on Friday affirmed long-term deposit rating of State Bank of India (SBI) and upgraded it for Punjab National Bank, Canara Bank and Bank of Baroda on improving credit profile.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2283217092\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The outlooks on long-term ratings of all the four banks remain stable, Moody&#8217;s&nbsp;Investors Service said in a statement.<\/p><p>Moody&#8217;s has affirmed the Baa3 long-term local and foreign currency bank deposit ratings&nbsp;of SBI. SBI&#8217;s Baseline Credit Assessment (BCA) and additional tier 1 securities (AT1) program rating is upgraded to ba1 and (P)B1 from ba2 and (P)B2, respectively.<\/p><p>\u201cThe affirmation of SBI&#8217;s long-term deposit ratings at Baa3 and upgrade of BoB&#8217;s, Canara&#8217;s and PNB&#8217;s long-term deposit ratings to Baa3 from Ba1 reflect an improvement in India&#8217;s Macro Profile to Moderate+ from Moderate, the improving credit metrics of the four banks and Moody&#8217;s continued assumption of a very high level of government support to the banks in times of need,\u201d Moody&#8217;s said in a statement.<\/p><div class=\"trade-content_5\" id=\"trade-2481541543\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The bank deposit rating by Moody&#8217;s indicates bank&#8217;s ability to repay punctually its foreign and domestic currency deposit obligations.<\/p><p>Shares of SBI were trading at Rs&nbsp;595.40 apiece, up 0.93 per cent on BSE. Canara Bank stock was trading 1.3 per cent up at Rs 324.40.<\/p><p>Bank of Baroda was trading 1.8 per cent higher at Rs 181 and PNB was up 1.2 per cent at Rs 57.90 on BSE.<\/p><p>Moody&#8217;s said the credit conditions in India have gradually improved, retail loans have performed well and the financial health of corporates too has improved following a decade of deleveraging.<\/p><p>Still, loans to small and medium-size enterprises continue to pose risks to the banks&#8217; asset quality because Moody&#8217;s expects this segment to be the most vulnerable to interest rate hike.<\/p><p>\u201cWhile India&#8217;s economic growth will moderate driven by rising rates and a global slowdown, the Indian economy will perform better than emerging market peers. Because of these factors, the operating environment will remain supportive for banks,\u201d Moody&#8217;s said.<\/p><div class=\"trade-content-10\" id=\"trade-1009684604\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Moody&#8217;s expects the banks&#8217; asset quality to be healthy over the next 12-18 months, helped by a supportive operating environment, improved corporate balance sheets, and better retail underwriting quality.<\/p><p>The improvement in asset quality has translated into higher profitability because of lower credit costs. Moody&#8217;s expects this increase in profitability to be sustainable over the next 12-18 months. PTI JD ANU ANU<\/p><div class=\"trade-after-content\" id=\"trade-2980442830\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Moody&#8217;s on Friday affirmed long-term deposit rating of State Bank of India (SBI) and upgraded it for Punjab National Bank, Canara Bank and Bank of Baroda on improving credit profile. The outlooks on long-term ratings of all the four banks remain stable, Moody&#8217;s&nbsp;Investors Service said in a statement. Moody&#8217;s has affirmed the Baa3 long-term local [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-84707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Moody&#039;s affirms deposit rating of SBI, upgrades for PNB, BoB, Canara Bank - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Moody&#039;s on Friday affirmed long-term deposit rating of State Bank of India (SBI) and upgraded it for Punjab National Bank, Canara Bank and Bank of Baroda on improving credit profile.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=84707\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moody&#039;s affirms deposit rating of SBI, upgrades for PNB, BoB, Canara Bank\" \/>\n<meta property=\"og:description\" content=\"Moody&#039;s on Friday affirmed long-term deposit rating of State Bank of India (SBI) and upgraded it for Punjab National Bank, Canara Bank and Bank of Baroda on improving credit profile.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/?p=84707\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-20T06:05:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Moodys-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Moodys-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/?p=84707\",\"url\":\"https:\/\/tradebrains.in\/features\/?p=84707\",\"name\":\"Moody's affirms deposit rating of SBI, upgrades for PNB, BoB, Canara Bank - 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