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    Question

    Moody’s upgraded ICICI Bank and Axis Bank’s baseline credit assessments (BCA) to _______.

    A ba1 Correct Answer Incorrect Answer
    B baa3 Correct Answer Incorrect Answer
    C baa2 Correct Answer Incorrect Answer
    D baa1 Correct Answer Incorrect Answer
    E ba2 Correct Answer Incorrect Answer

    Solution

    Global rating agency Moody’s upgraded ICICI Bank and Axis Bank’s baseline credit assessments (BCA) to “baa3” indicating medium grade financial strength from “ba1” indicating speculative financial strength. The upgrade in BCA reflects improvements in credit fundamentals - asset quality, capital, and profitability.

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