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Mumbai April 26 Crisil has said the Government's support is important to its ratings methodology though a bank's own financial and business risk profile plays a far more significant role in arriving at a rating.

"Against the background of heightened investor interest and debate on the issue in global financial markets in recent months, Crisil today reiterated its stance on factoring the possibility of government support into ratings of banks and financial institutions," said a Crisil press release.

Though the Government has in the past infused funds into government-owned banks and financial institutions to allow them to service debt obligations, the record, according to Crisil, has been a mixed one.

`Stand-alone strengths'

"Our ratings are primarily driven by the stand-alone credit strengths of government-owned banks and FIs. A strong expectation of government support can lead to a notch-up in the stand-alone ratings of these entities.

However, this does not and cannot automatically translate into `AAA' ratings," said Ms Roopa Kudva, Executive Director and Chief Rating Officer, Crisil.

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