Moody’s affirms ratings of HDFC Bank

Moody’s Investors Service has affirmed the ratings of private sector lender HDFC Bank following the announcement that its parent HDFC Ltd would merge with it. In a late-night release on Wednesday, Moody’s Investors Service said it has affirmed all the ratings of HDFC Bank, including the Baa3 long-term local and foreign currency deposit ratings and … Read more