Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 22 views

    Fitch Affirms Indian Bank at BB+ Withdraws All Ratings

    Uploaded by

    Subham Mazumdar
    Fitch withdrew all of its ratings for Indian Bank for commercial reasons, as there was no material change in the bank's credit profile since Fitch's previous rating actions in July 2016. Indian Bank's share price rose over 5% on the day of the announcement. The stock is considered a potential high return investment by some analysts due to its strong fundamentals and high trading volumes.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Fitch Affirms Indian Bank at BB+ Withdraws All Ratings

    Uploaded by

    Subham Mazumdar
    22 views2 pages
    Fitch withdrew all of its ratings for Indian Bank for commercial reasons, as there was no material change in the bank's credit profile since Fitch's previous rating actions in July 2016. Indian Bank's share price rose over 5% on the day of the announcement. The stock is considered a potential high return investment by some analysts due to its strong fundamentals and high trading volumes.

    Original Description:

    Indian Bank

    Original Title

    Indian Bank

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Fitch withdrew all of its ratings for Indian Bank for commercial reasons, as there was no material change in the bank's credit profile since Fitch's previous rating actions in July 2016. Indian Bank's share price rose over 5% on the day of the announcement. The stock is considered a potential high return investment by some analysts due to its strong fundamentals and high trading volumes.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    22 views2 pages

    Fitch Affirms Indian Bank at BB+ Withdraws All Ratings

    Uploaded by

    Subham Mazumdar
    Fitch withdrew all of its ratings for Indian Bank for commercial reasons, as there was no material change in the bank's credit profile since Fitch's previous rating actions in July 2016. Indian Bank's share price rose over 5% on the day of the announcement. The stock is considered a potential high return investment by some analysts due to its strong fundamentals and high trading volumes.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Fitch affirms Indian Bank at BB+ Withdraws All Ratings

    Fitch Ratings has today declared and


    withdrawn the ratings of Indian Bank
    for commercial reasons.
    There has been no such material
    change in Indian Bank's credit profile
    since the previous rating actions on
    5th July 2016. To acquire more
    information on the rating drivers,
    please visit Fitch Affirms 9 Indian
    Banks' IDRs, Downgrades VRs of
    IDBI, Canara, and Indian Bank Ratings Navigator.
    Rating sensitivities are inapplicable
    because the ratings have been withdrawn. Fitch has declared and withdrawn the following
    ratings:

    Long-Term Issuer Default Rating (IDR) at 'BB+'; Outlook Stable;


    Viability Rating at 'bb+'
    Short-Term IDR at 'B'
    Support Rating Floor at 'BB+'
    Support Rating at '3'

    Meanwhile, Indian Bank share price was trading 5.47 per cent higher at Rs.216. It opened at
    Rs.204.10 from a previous closing of Rs.204.80. As of 2:04 pm, the days high of the stock
    stood at Rs.219.70 while the days low read at Rs.202.95.
    Out of the Top 500 Shares, Indian Bank ranks among the Multibagger Shares, identified by the
    Dynamic research analysts and market experts at the end of the month of June. The scrip can
    be an awesome investment opportunity and can give the investor high returns. The
    fundamentals and financials of the stock are very strong. Indian Bank has been deeply
    analysed by Dynamic Levels analysts with the help of technical and fundamental research. It is
    recorded that the stock is being traded in very high volumes. As observed, the bank multiplies
    its earnings per share every year. The share has a great potential to grow in near future. For
    information on the financials of the stock, please visit Indian Bank share price history.

    www.dynamiclevels.com

    Page 1

    Disclaimer

    The investment advice or guidance provided by way of recommendations, reports or other ways
    are solely the personal views of the research team. Users are advised to use the data for the
    purpose of information and rely on their own judgment while making investment decision.
    Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022
    Disclosure
    Dynamic Equities Pvt. Ltd. is a member of NSE, BSE, MCX SX and a DP with NSDL & CDSL. It is also
    engaged in Investment Advisory Services and Portfolio Management Services. Dynamic
    Commodities Pvt. Ltd., associate company, is a member of MCX & NCDEX. We declare that our
    activities were neither suspended nor we have defaulted with any stock exchange authority with
    whom we are registered. SEBI, Exchanges and Depositories have conducted the routine inspection
    and based on their observations have issued advise letters or levied minor penalty on for certain
    operational deviations.
    Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst:
    DYNAMIC/its Associates/ Research Analyst/ his Relative:

    Do not have any financial interest / any actual/beneficial ownership in the subject
    company.

    Do not have any other material conflict of interest at the time of publication of the
    research report

    Have not received any compensation from the subject company in the past twelve months

    Have not managed or co-managed public offering of securities for the subject company.

    Have not received any compensation for brokerage services or any products / services or
    any compensation or other benefits from the subject company, nor engaged in market
    making activity for the subject company

    Have not served as an officer, director or employee of the subject company

    www.dynamiclevels.com

    Page 2

    You might also like