Oriental Bank of Commerce - Ratings Lowered; Outlook Revised to Stable

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has lowered the Financial Strength Rating (FSR) of India's Oriental Bank of Commerce (OBC) to 'BB-' from 'BB' in view of rising non-performing loans (NPLs), very low loan-loss reserve coverage ratio, severely impaired capital base, and high net losses.

Attachments

• Credit Rating Announcement (CRA)
  PDF Download Available
  
• Bank Rating Report (India, Oriental Bank of Commerce)
  Purchase Available - View price list