ICICI Bank gets AAA ratings

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.