Fitch downgrades PNB's viability rating on deteriorating credit profile

PNB’s viability rating has been downgraded to ‘b’ from ‘bb-’ and maintained on ‘rating watch negative’ (RWN).The viability rating reflects PNB’s weak capitalisation and profitability due to poor asset quality.

from Hindustan Times - business https://ift.tt/2HggTQI