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S&P assigns 'BBB' rating to BoI on sufficient capitalisation, solid funding
S&P Global Ratings on Tuesday assigned 'BBB' long-term rating to Bank of India (BoI) on sufficient capitalisation, solid funding, and healthy liquidity. The US-based agency said the ratings reflect the likelihood of extraordinary support for the state-run bank from the government, if needed. The long-term rating on BoI is one notch above its assessment of the stand-alone credit profile (SACP) for the bank, S&P said while assigning its 'BBB' long-term and 'A-2' short-term issuer credit ratings t…
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