Moody’s affirms IndusInd Bank ratings, revises outlook to stable
Global ratings agency Moody's Ratings on Wednesday affirmed the ratings of IndusInd Bank and revised the lender’s outlook to “stable” from “negative”, citing stabilisation in senior leadership and easing pressure on funding and liquidity.
Moody’s said the outlook revision reflects improving operating conditions at the private sector lender following recent management-level stability measures.
The agency noted that the bank’s funding and liquidity pressures had moderated, while profitability is expected to improve gradually over the next 12 to 18 months.
According to Moody’s, the bank is also likely to see moderate balance sheet growth over the same period, supporting its overall credit profile.
Moody’s said the outlook revision reflects improving operating conditions at the private sector lender following recent management-level stability measures.
The agency noted that the bank’s funding and liquidity pressures had moderated, while profitability is expected to improve gradually over the next 12 to 18 months.
According to Moody’s, the bank is also likely to see moderate balance sheet growth over the same period, supporting its overall credit profile.
