Factoring in timely intervention from the government and minimal probability of default, the agency said it has a rating floor of 'IND AA-' for senior instruments and Tier 2 instruments of banks, which are majority-owned by the government.source https://economictimes.indiatimes.com/industry/banking/finance/banking/privatising-two-psbs-india-ratings-warns-of-rating-impact-if-govt-cedes-control/articleshow/81669230.cms
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