Moody's downgraded IndusInd Bank's baseline credit assessment due to concerns about management oversight and strategic uncertainty following leadership resignations. The outlook was revised to negative, reflecting potential solvency and funding impacts. While long-term ratings were affirmed, the downgrade highlights weaknesses in internal controls and governance risks, impacting the bank's standalone credit strength amid rising non-performing loans.
from Banking/Finance-Industry-Economic Times https://ift.tt/4jlewU3
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