ICICI Bank 2009 Annual Report Download - page 42

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40
Business Overview
spreads from time to time, including the possibility of increasing credit spreads or interest rates, our ability to roll
over our short-term funding sources and our exposure to credit, market and liquidity risks.
CREDIT RATINGS
ICICI Bank’s credit ratings by various credit rating agencies at March 31, 2009 are given below:
Agency Rating
Moody’s Investor Service (Moody’s) Baa21
Standard & Poor’s (S&P) BBB-1
Credit Analysis & Research Limited (CARE) CARE AAA
Investment Information and Credit Rating Agency (ICRA) AAA
CRISIL Limited AAA
Japan Credit Rating Agency (JCRA) BBB+1
1. Senior foreign currency debt ratings.
PUBLIC RECOGNITION
The Bank received several awards during fiscal 2009, including the following:
“Excellence in Business Model Innovation” by Asian Banker
“Best Bank in SME financing (Private Sector)” by Dun & Bradstreet
“Best Transaction Bank in India “by Triple A
“Best Trade Finance Bank in India” by Triple A
“Best Cash Management Bank in India” by Triple A
“Best Domestic Custodian in India” by Triple A
“Best Cash Management Bank in India” by Triple A
“Rural Marketing programme of the year,” award by WOW Event & Experiential Marketing Award