S&P Global affirms ICICI Bank’s long-term, short-term ratings

Credit rating agency — S&P Global Ratings has affirmed ICICI Bank’s long-term rating at ‘BBB-‘ and short-term issuer credit rating at ‘A-3’. Credit rating agency has revised the rating outlook on ICICI Bank to stable from negative on grounds that the lender will benefit from the sale of stake in subsidiaries.

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