MUMBAI : Moody's places IndusInd Bank's issuer ratings on review for downgrade Shayan Ghosh Mumbai Moody's Investors Service on Friday said it has placed IndusInd Bank Ltd’s domestic and foreign currency issuer ratings under review for downgrade, citing risks to asset quality.
The bank's baseline credit assessment (BCA) and adjusted BCA have also been placed under review for downgrade, it said. It said that the review for downgrade reflects the downside risks to asset quality amid the deteriorating macroenvironment and financial market volatility. “The bank's loan portfolio includes a relatively higher proportion of micro finance and vehicle finance loans than its peers, which are at high risk of being negatively impacted by the economic