Axis Bank Cut to Junk By S&P On Forecast For Indian Recession
A pedestrian wearing a protective mask walks past an Axis Bank Ltd. branch on a near-empty street in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Axis Bank Cut to Junk By S&P On Forecast For Indian Recession

(Bloomberg) -- S&P Global Ratings lowered Axis Bank Ltd.’s credit rating to below investment grade on expectations that a looming recession in India, sparked by the coronavirus pandemic, will see m...
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