IDBI BANK LTD. - Announcement under Regulation 30 (LODR)-Credit Rating

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04 Apr 2020
Moody''s had shared draft press release on April 03, 2020 affirming the deposit rating of IDBI Bank at Ba2.The baseline credit assessment (BCA) and adjusted BCA of IDBI Bank has also been affirmed at b2.At the same time, the outlook for IDBI is revised to Stable from Positive.It may be mentioned that IDBI Bank has terminated all rating contracts/ engagements with Moody''s Investors Services for various issues under the Bank''s MTN Bond Programme.Bank had, earlier on December 26, 2017, intimated the said termination to Stock Exchanges as per SEBI (LODR) Regulations, 2015. Since the press release does not mention that the rating is unsolicited, an intimation in this regard was sent to Moody''s on April 03, 2020. However, Moody's did not respond to the said intimation and published the combined press release for four Banks, including IDBI Bank. The copy of combined press release downloaded from their website is attached.
View all announcements for IDBI BANK LTD.	Source: BSE India

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