Moody's Ratings affirmed HDFC Bank Limited's Baa3 long-term deposit ratings and baa3 Baseline Credit Assessment, maintaining a stable outlook due to India's favorable operating environment. The bank's diversified loan portfolio and profitability support its capital generation and solvency. Despite post-merger profitability challenges, HDFC Bank's asset quality is stable. Upgrades are unlikely due to alignment with India's sovereign rating, with downgrades possible if financial fundamentals deteriorate significantly. Read The Rest at :
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