Corporation Bank’s Ratings Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Financial Strength Rating (FSR) of India's Corporation Bank (Corpbank) at 'BB' with weak asset quality, impaired capital and low gross income underpinning the low rating. CI Ratings revised the rating downwards in May 2016 in view of the substantially weakened asset quality and the impaired capital base at that time. As expected, asset quality ratios weakened further in the first nine months of FY2017 following continuing impairments in the Bank's portfolio of loans to large corporate entities.

Attachments

• View Credit Rating Announcement (CRA)
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• Bank Rating Report (India, Corporation Bank)
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