Wednesday, June 20, 2012

Fitch cuts SBI, ICICI, PNB rating outlook to negative

Global agency Fitch on Wednesday cut credit rating outlook to negative from stable of 11 financial entities including SBI, ICICI Bank, PNB and Axis Bank.

The action follows the revision earlier this week of India's outlook to negative.

"The outlook revision of the financial institutions reflects their close linkages with the sovereign by virtue of their high exposure to domestic counterparties and holdings of domestic sovereign debt," Fitch said in a statement.

The list of downgraded entities include six government banks (including an international banking subsidiary of a government bank), two private banks. These include Bank of Baroda, Bank of Baroda (New Zealand) Ltd (BOBNZ), Canara Bank, and IDBI Bank.

Besides two wholly owned government institutions -- Export-Import Bank of India and Housing and Urban Development Corporation Ltd have also been similarly downgraded. Besides, the outlook of IDFC Ltd and Indian Railway Finance Corporation Ltd outlook has also become negative.

However, Fitch said the banks continue to have reasonable customer deposit base, domestic franchises and adequate capital.

The non-banking financial entities, meanwhile, lack the funding advantage, which puts them more at risk during times of increased market volatility, it


http://www.addnewlink.net/bestloanmodificationcompanyreviews.com-392132.html
http://www.strikerwebdir.info/detail/link-6551.html
http://www.nju-jp.com/detail/link-192560.html
http://drctry.info/detail/link-55893.html
http://www.molexs.com/detail/link-50472.html
http://www.cleky.com/detail/link-58855.html
http://www.tctco.com/detail/link-141112.html
http://www.add-page.com/details/page_211048.php
http://www.sf-tech.com/detail/link-115242.html
http://www.linknom.com/detail/link-403393.html
http://www.ukinternetdirectory.net/detail/Loan-Modification-184910.htm
http://www.britainbusinessdirectory.com/detail/Loan-Modification-Company-169645.htm
http://www.submissionwebdirectory.com/detail/Loan-Modification-Programs-251660.htm
http://www.addsitelink.com/Best-Loan-Modification-Company-Reviews-379728.html
http://www.urlmoz.com/detail/Loan-Modification-Companies-228197.html
http://www.domaining.in/detail/link-572384.html
http://www.prolinkdirectory.com/detail/link-601811.html
http://www.zingery.com/detail.php?id=12863
http://fast-advertising.com/detail.php?id=21962
http://links.maxxfusion.com/detail/link-106607.htm
http://www.submit-url.org/Loan-Modification-Companies-379901.html
http://www.opendirectorys.com/detail/link-172917.html
http://www.linkshound.com/detail.php?id=62968
http://cruiserrodparts.com/detail/link-8320.html
http://www.hostwebdir.info/detail/link-7120.html
http://www.grownupdirectory.info/detail/link-5387.html
http://www.trophywebdir.info/detail/link-9313.html
http://www.freshwebdirectory.info/detail/link-4666.html
http://www.mikadirectory.org/detail/link-8534.html
http://www.mushroomdir.info/detail/link-8660.html
http://www.addnewlink.net/shredguitarschool.com-392133.html
http://www.suggest-link.net/detail/link-286823.html
http://www.nju-jp.com/detail/link-192561.html
http://drctry.info/detail/link-55894.html
http://www.molexs.com/detail/link-50473.html
http://www.cleky.com/detail/link-58856.html
http://www.tctco.com/detail/link-141113.html
http://www.add-page.com/details/page_211049.php
http://www.sf-tech.com/detail/link-115243.html
http://www.linknom.com/detail/link-403394.html
http://www.ukinternetdirectory.net/detail/shred-guitar-184911.htm
http://www.britainbusinessdirectory.com/detail/how-to-shred-guitar-169646.htm
http://www.submissionwebdirectory.com/detail/shredding-guitar-lessons-251661.htm
http://www.addsitelink.com/guitar-shredding-lesson-379729.html
http://www.urlmoz.com/detail/guitar-shredding-228198.html
http://www.domaining.in/detail/link-572385.html
http://www.prolinkdirectory.com/detail/link-601812.html
http://www.zingery.com/detail.php?id=12864
http://fast-advertising.com/detail.php?id=21963
http://links.maxxfusion.com/detail/link-106608.htm
http://www.submit-url.org/shred-guitar-379900.html
http://www.opendirectorys.com/detail/link-172918.html
http://www.linkshound.com/detail.php?id=62969
http://cruiserrodparts.com/detail/link-8311.html
http://www.hostwebdir.info/detail/link-7129.html
http://www.grownupdirectory.info/detail/link-5388.html
http://www.trophywebdir.info/detail/link-9314.html
http://www.freshwebdirectory.info/detail/link-4667.html
http://www.mikadirectory.org/detail/link-8535.html
http://www.mushroomdir.info/detail/link-8661.html
http://www.addnewlink.net/omagento.com-392134.html
http://www.suggest-link.net/detail/link-286824.html
http://www.nju-jp.com/detail/link-192563.html
http://drctry.info/detail/link-55895.html
http://www.molexs.com/detail/link-50474.html
http://www.cleky.com/detail/link-58857.html
http://www.tctco.com/detail/link-141115.html
http://www.add-page.com/details/page_211050.php
http://www.sf-tech.com/detail/link-115244.html
http://www.linknom.com/detail/link-403395.html
http://www.ukinternetdirectory.net/detail/prestashop-themes-184912.htm
http://www.britainbusinessdirectory.com/detail/prestashop-templates-169647.htm
http://www.submissionwebdirectory.com/detail/magento-themes-251666.htm
http://www.addsitelink.com/e-commerce-themes-379737.html
http://www.urlmoz.com/detail/cheap-website-solution-228199.html
http://www.domaining.in/detail/link-572386.html
http://www.prolinkdirectory.com/detail/link-601813.html
http://www.zingery.com/detail.php?id=12865
http://fast-advertising.com/detail.php?id=21964
http://links.maxxfusion.com/detail/link-106609.htm
http://www.submit-url.org/prestashop-themes-379902.html
http://www.opendirectorys.com/detail/link-172919.html
http://www.linkshound.com/detail.php?id=62970
http://cruiserrodparts.com/detail/link-8312.html
http://www.hostwebdir.info/detail/link-7121.html
http://www.grownupdirectory.info/detail/link-5389.html
http://www.trophywebdir.info/detail/link-9318.html
http://www.freshwebdirectory.info/detail/link-4668.html
http://www.mikadirectory.org/detail/link-8536.html
http://www.mushroomdir.info/detail/link-8662.html
http://www.addnewlink.net/bowersteamaz.com-392135.html
http://www.suggest-link.net/detail/link-286825.html
http://www.nju-jp.com/detail/link-192564.html
http://drctry.info/detail/link-55902.html
http://www.molexs.com/detail/link-50475.html
http://www.cleky.com/detail/link-58858.html
http://www.tctco.com/detail/link-141116.html
http://www.add-page.com/details/page_211051.php
http://www.sf-tech.com/detail/link-115245.html
http://www.linknom.com/detail/link-403396.html
http://www.ukinternetdirectory.net/detail/Phoenix-short-sale-real-estate-184913.htm
http://www.britainbusinessdirectory.com/detail/Peoria-short-sale-real-estate-169648.htm
http://www.submissionwebdirectory.com/detail/Scottsdale-short-sale-real-estate-251662.htm
http://www.addsitelink.com/Glendale-short-sale-real-estate-379730.html
http://www.urlmoz.com/detail/Arizona-short-sale-real-estate-228200.html
http://www.domaining.in/detail/link-572387.html
http://www.prolinkdirectory.com/detail/link-601819.html
http://www.zingery.com/detail.php?id=12866
http://fast-advertising.com/detail.php?id=21965
http://links.maxxfusion.com/detail/link-106610.htm
http://www.submit-url.org/Phoenix-short-sale-real-estate-379903.html
http://www.opendirectorys.com/detail/link-172922.html
http://www.linkshound.com/detail.php?id=62971
http://cruiserrodparts.com/detail/link-8313.html
http://www.hostwebdir.info/detail/link-7122.html
http://www.grownupdirectory.info/detail/link-5390.html
http://www.trophywebdir.info/detail/link-9315.html
http://www.freshwebdirectory.info/detail/link-4669.html
http://www.mikadirectory.org/detail/link-8538.html
http://www.mushroomdir.info/detail/link-8663.html
http://www.addnewlink.net/mauistables.com-392136.html
http://www.suggest-link.net/detail/link-286826.html
http://www.nju-jp.com/detail/link-192562.html
http://drctry.info/detail/link-55896.html
http://www.molexs.com/detail/link-50476.html
http://www.cleky.com/detail/link-58859.html
http://www.tctco.com/detail/link-141117.html
http://www.add-page.com/details/page_211052.php
http://www.sf-tech.com/detail/link-115246.html
http://www.linknom.com/detail/link-403397.html
http://www.ukinternetdirectory.net/detail/horse-back-riding-maui-184914.htm
http://www.britainbusinessdirectory.com/detail/horseback-riding-in-maui-169649.htm
http://www.submissionwebdirectory.com/detail/horseback-riding-maui-251667.htm
http://www.addsitelink.com/maui-horseback-riding-379731.html
http://www.urlmoz.com/detail/horseback-riding-maui-228205.html
http://www.domaining.in/detail/link-572388.html
http://www.prolinkdirectory.com/detail/link-601814.html
http://www.zingery.com/detail.php?id=12867
http://fast-advertising.com/detail.php?id=21966
http://links.maxxfusion.com/detail/link-106616.htm
http://www.submit-url.org/horse-back-riding-maui-379904.html
http://www.opendirectorys.com/detail/link-172920.html
http://www.linkshound.com/detail.php?id=62972
http://cruiserrodparts.com/detail/link-8314.html
http://www.hostwebdir.info/detail/link-7123.html
http://www.grownupdirectory.info/detail/link-5391.html
http://www.trophywebdir.info/detail/link-9316.html
http://www.freshwebdirectory.info/detail/link-4670.html
http://www.mikadirectory.org/detail/link-8537.html
http://www.mushroomdir.info/detail/link-8664.html
http://www.addnewlink.net/zackhowardsurf.com-392137.html
http://www.suggest-link.net/detail/link-286827.html
http://www.nju-jp.com/detail/link-192575.html
http://drctry.info/detail/link-55898.html
http://www.molexs.com/detail/link-50477.html
http://www.cleky.com/detail/link-58860.html
http://www.tctco.com/detail/link-141118.html
http://www.add-page.com/details/page_211056.php
http://www.sf-tech.com/detail/link-115247.html
http://www.linknom.com/detail/link-403398.html
http://www.ukinternetdirectory.net/detail/surfing-lessons-maui-184915.htm
http://www.britainbusinessdirectory.com/detail/maui-surf-lessons-169650.htm
http://www.submissionwebdirectory.com/detail/maui-surfing-251663.htm
http://www.addsitelink.com/maui-surfing-lessons-379732.html
http://www.urlmoz.com/detail/surf-lessons-maui-228206.html
http://www.domaining.in/detail/link-572389.html
http://www.prolinkdirectory.com/detail/link-601837.html
http://www.zingery.com/detail.php?id=12873
http://fast-advertising.com/detail.php?id=21974
http://links.maxxfusion.com/detail/link-106611.htm
http://www.submit-url.org/surfing-lessons-maui-379905.html
http://www.opendirectorys.com/detail/link-172923.html
http://www.linkshound.com/detail.php?id=62973
http://cruiserrodparts.com/detail/link-8315.html
http://www.hostwebdir.info/detail/link-7124.html
http://www.grownupdirectory.info/detail/link-5392.html
http://www.trophywebdir.info/detail/link-9317.html
http://www.freshwebdirectory.info/detail/link-4671.html
http://www.mikadirectory.org/detail/link-8539.html
http://www.mushroomdir.info/detail/link-8665.html
http://www.addnewlink.net/volunium.com-392138.html
http://www.suggest-link.net/detail/link-286828.html
http://www.nju-jp.com/detail/link-192565.html
http://drctry.info/detail/link-55897.html
http://www.molexs.com/detail/link-50478.html
http://www.cleky.com/detail/link-58861.html
http://www.tctco.com/detail/link-141119.html
http://www.add-page.com/details/page_211053.php
http://www.sf-tech.com/detail/link-115248.html
http://www.linknom.com/detail/link-403399.html
http://www.ukinternetdirectory.net/detail/Chicago-Hotel-184916.htm
http://www.britainbusinessdirectory.com/detail/Los-Angeles-Hotel-169651.htm
http://www.submissionwebdirectory.com/detail/Las-Vegas-Hotel-251664.htm
http://www.addsitelink.com/New-York-Hotel-379733.html
http://www.urlmoz.com/detail/Boston-Hotel-228201.html
http://www.domaining.in/detail/link-572390.html
http://www.prolinkdirectory.com/detail/link-601815.html
http://www.zingery.com/detail.php?id=12868
http://fast-advertising.com/detail.php?id=21967
http://links.maxxfusion.com/detail/link-106612.htm
http://www.submit-url.org/Chicago-Hotel-379906.html
http://www.opendirectorys.com/detail/link-172924.html
http://www.linkshound.com/detail.php?id=62974
http://cruiserrodparts.com/detail/link-8316.html
http://www.hostwebdir.info/detail/link-7125.html
http://www.grownupdirectory.info/detail/link-5393.html
http://www.trophywebdir.info/detail/link-9319.html
http://www.freshwebdirectory.info/detail/link-4672.html
http://www.mikadirectory.org/detail/link-8540.html
http://www.mushroomdir.info/detail/link-8666.html
http://www.addnewlink.net/thefergusonclinic.com-392139.html
http://www.suggest-link.net/detail/link-286829.html
http://www.nju-jp.com/detail/link-192567.html
http://drctry.info/detail/link-55899.html
http://www.molexs.com/detail/link-50479.html
http://www.cleky.com/detail/link-58862.html
http://www.tctco.com/detail/link-141120.html
http://www.add-page.com/details/page_211054.php
http://www.sf-tech.com/detail/link-115249.html
http://www.linknom.com/detail/link-403401.html
http://www.ukinternetdirectory.net/detail/cosmetic-surgery-Honolulu-184918.htm
http://www.britainbusinessdirectory.com/detail/plastic-surgeon-Honolulu-169653.htm
http://www.submissionwebdirectory.com/detail/plastic-surgeon-Honolulu-251668.htm
http://www.addsitelink.com/plastic-surgery-Hawaii-379734.html
http://www.urlmoz.com/detail/plastic-surgery-Honolulu-228202.html
http://www.domaining.in/detail/link-572391.html
http://www.prolinkdirectory.com/detail/link-601816.html
http://www.zingery.com/detail.php?id=12869
http://fast-advertising.com/detail.php?id=21968
http://links.maxxfusion.com/detail/link-106613.htm
http://www.submit-url.org/cosmetic-surgery-Honolulu-379907.html
http://www.opendirectorys.com/detail/link-172927.html
http://www.linkshound.com/detail.php?id=62975
http://cruiserrodparts.com/detail/link-8317.html
http://www.hostwebdir.info/detail/link-7126.html
http://www.grownupdirectory.info/detail/link-5394.html
http://www.trophywebdir.info/detail/link-9320.html
http://www.freshwebdirectory.info/detail/link-4673.html
http://www.mikadirectory.org/detail/link-8541.html
http://www.mushroomdir.info/detail/link-8667.html
http://www.addnewlink.net/igethair.com-392140.html
http://www.suggest-link.net/detail/link-286830.html
http://www.nju-jp.com/detail/link-192568.html
http://drctry.info/detail/link-55901.html
http://www.molexs.com/detail/link-50480.html
http://www.cleky.com/detail/link-58864.html
http://www.tctco.com/detail/link-141121.html
http://www.add-page.com/details/page_211055.php
http://www.sf-tech.com/detail/link-115250.html
http://www.linknom.com/detail/link-403402.html