Copying and distributing are prohibited without permission of the publisher
Indian bank bonds to underperform on potential sovereign downgrade
June 13, 2012
From Chien Mi Wong
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...
This content is only available to Asiamoney PLUS subscribers or trialists.
If you have a username and password, you can login here.
Otherwise, please take a free trial or subscribe for unrestricted access.
Subscribe
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.
Subscribe now
Free trial
Taking a free trial will give you access to the last 30-days of content (excluding some polls & awards articles), for two weeks. Start your trial today.
Free Trial