ICICI Bank announced that Moody's has affirmed the deposit ratings of the Bank at Baa3. The Bank's baseline credit assessment (BCA) and adjusted BCA are also affirmed at ba1. Moody's has lowered the counterparty risk assessment from Baa2(cr)/P-2(cr) to Baa3(cr)/P-3(cr) and the local currency counterparty risk rating from Baa2/P-2 to Baa3/P-3. The outlook on the Bank's rating was revised from stable to
negative.
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