{"id":4593,"date":"2008-10-13T23:35:09","date_gmt":"2008-10-13T23:35:09","guid":{"rendered":"http:\/\/151.106.38.4\/2008\/10\/13\/icici-bank-credit-fundamentals-sound\/"},"modified":"2008-10-13T23:35:09","modified_gmt":"2008-10-13T23:35:09","slug":"icici-bank-credit-fundamentals-sound","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2008\/10\/13\/icici-bank-credit-fundamentals-sound\/","title":{"rendered":"\u2018ICICI Bank credit fundamentals sound\u2019"},"content":{"rendered":"<p><img src=\/old_site\/>Global rating agency Standard and Poor&#8217;s (S&#038;P) on Monday said the fundamentals of ICICI Bank continued to be sound even as the country&#8217;s largest private bank reiterated that it faced no liquidity problem, had zero exposure to the US sub-prime assets and was more than adequately capitalized.<br \/>\nThe ratings agency said in a statement that ICICI Bank continued to enjoy investment grade rating of BBB-\/stable\/A-3 with regard to foreign currency counter-party credit rating and that the bank&#8217;s credit fundamentals continue to be sound. It said the credit rating was sound due to its strong market position in the domestic banking industry, adequate financial profile supported by its healthy capitalization, satisfactory loan quality and diversification.<br \/>\n&#8220;The overseas loan and credit derivative portfolio of the bank, including its overseas subsidiaries, is predominantly to Indian companies for their Indian and overseas operations and hence its quality is largely dependent on corporate credit quality and economic conditions in India,&#8221; the S&#038;P statement said.<br \/>\nGiven expectation of continued strong growth in India&#8217;s economy, despite some moderation in growth in the near term, credit losses in this portfolio are not expected to be significant at this moment, the statement added.<br \/>\nThe bank &#8211; through its subsidiary ICICI Bank UK Ltd &#8211; also has a sizeable $3.5 billion investment portfolio. This includes about $80 million exposure to Lehman Brothers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global rating agency Standard and Poor&#8217;s (S&#038;P) on Monday said the fundamentals of ICICI Bank continued to be sound even as the country&#8217;s largest private bank reiterated that it faced no liquidity problem, had zero exposure to the US sub-prime assets and was more than adequately capitalized. The ratings agency said in a statement that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-4593","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/4593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=4593"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/4593\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=4593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=4593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=4593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}