ICICI Bank’s market position would remain strong despite moderating advances growth, credit rating agency Crisil said on Thursday according the highest degree of rating on the bank’s long-term debt instruments. Crisil reaffirmed its ‘AAA’ rating, which reflects the highest degree of safety with regard to payment of financial obligations, on the bank’s Upper Tier II bonds, Tier I Perpetual bonds and bonds/debentures. “The reaffirmation factors in ICICI Bank’s healthy capitalisation and strong market position, and demonstrated capabilities of the bank’s management,” a Crisil release said.
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