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Indian bank bonds to underperform on potential sovereign downgrade
June 13, 2012
India bank bonds will remain lacklustre upon sovereign credit rating downgrade as the sector’s yields are anticipated to widen due to increase in risk in the medium term.
The fact that a sovereign rating downgrade remains a possibility for India reduces the appeal of its bank bonds.
The yields of Indian financial institutions’ bonds are expected to widen by at least 100 basis points (bp) to 150bp if...
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