HDFC Bank Ltd. - S&P Global Ratings’ Credit Research

HDFC Bank Ltd.

HDFC Bank Ltd. - S&P Global Ratings’ Credit Research
HDFC Bank Ltd.
Published Jun 29, 2018
13 pages (3971 words) — Published Jun 29, 2018
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Strong domestic franchise and management. Better-than-average funding and liquidity metrics. Above-banking-system growth amid challenging operating conditions could undermine asset quality. The stable outlook on HDFC Bank Ltd. reflects our view that the bank will maintain its 'bbb+' stand-alone credit profile (SACP) over the next 24 months. The rating on HDFC Bank is currently capped by our sovereign credit rating on India (BBB-/Stable/A-3). The rating on the bank will therefore move in tandem with that on the sovereign. S&P Global Ratings does not rate Indian banks above the sovereign rating because of the direct and indirect influence that a sovereign has on banks operating in the country. We would raise our rating on HDFC Bank if we upgrade the sovereign. We

  
Brief Excerpt:

... conditions could undermine asset quality. Outlook The stable outlook on HDFC Bank Ltd. reflects our view that the bank will maintain its '###+' stand-alone credit profile (SACP) over the next 24 months. The rating on HDFC Bank is currently capped by our sovereign credit rating on India (###-/Stable/A-3). The rating on the bank will therefore move in tandem with that on the sovereign. S&P Global Ratings does not rate Indian banks above the sovereign rating because of the direct and indirect influence that a sovereign has on banks operating in the country....

  
Report Type:

Full Report

Ticker
HDFCB@IN
Issuer
HDFC Bank Ltd.
GICS
Diversified Banks (40101010)
Sector
Global Issuers
Country
India
Region
Emerging Markets
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "HDFC Bank Ltd." Jun 29, 2018. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/HDFC-Bank-Ltd-2065395>
  
APA:
S&P Global Ratings’ Credit Research. (). HDFC Bank Ltd. Jun 29, 2018. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/HDFC-Bank-Ltd-2065395>
  
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