News & Credit Rating Announcements
19 May 2015 | Country: India | Bank: Corporation Bank
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Corporation Bank - Financial Strength Rating Reduced
Overview
Capital Intelligence (CI), the international credit rating agency, today announced that it has reduced the Financial Strength Rating (FSR) of India's Corporation Bank (Corpbank) to 'BB+' from 'BBB-' mainly due to the increasing impairment of the Bank's capital, as well as weakening asset quality and profitability.
Attachments
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Credit Rating Announcement (CRA)
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Bank Rating Report (India, Corporation Bank)
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