The upgrade of the baseline credit assessments does not result in any change in the deposit ratings because these are already at the same level as the India sovereign rating (Baa3 stable), Moody's said in a statement on Friday.source https://economictimes.indiatimes.com/industry/banking/finance/banking/moodys-upgrades-baseline-credit-assessments-of-icici-bank-axis-bank/articleshow/92297400.cms
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