We are revising the outlook on Bank of India to negative from stable because of a potential deterioration in the bank's asset quality and capitalization. At the same, we are affirming our 'BBB-' long-term and 'A-3' short-term issuer credit ratings on Bank of India and our 'BBB-' long-term issue ratings on the bank's senior unsecured notes because we continue to see a very high likelihood of extraordinary government support for the bank. In line with the outlook revision and rating affirmation, we are revising the outlook to negative and affirming our 'BBB-' long-term and 'A-3' short-term issuer credit ratings on BOI (New Zealand), which is Bank of India's subsidiary. On Feb. 16, 2016, Standard&Poor's Ratings Services revised its
