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05 Apr 2020 | |
We hereby inform that India Ratings and Research (Agency), vide its communication dated April 4, 2020 has affirmed the Bank's Long-Term Issuer Rating at 'IND AA+' with revised Bank's Outlook from Stable to Negative. <BR> The Agency has also affirmed Short-Term Issuer Rating at 'IND A1+'.<BR> The instrument wise ratings assigned are mentioned below: <BR> Type Size of issue (billion) Rating / Outlook Rating Action<BR> Senior Unsecured redeemable Bonds INR20 IND AA+/ Negative Affirmed; Outlook revised to Negative from Stable<BR> Additional<BR> Tier 1 (AT1)<BR> Bonds INR40 IND AA /Negative Affirmed; Outlook revised to Negative<BR> from Stable<BR> The Press Release issued by the Agency on the Bank's Rating can be accessed at the following web link: <BR> https://www.indiaratings.co.in/PressRelease?pressReleaseID=40630&title=India-Ratings-Revises-IndusInd-Bank%E2%80%99s-Outlook-to-Negative%3B-Affirms-%E2%80%98IND-AA%2B%E2%80%99<BR> <BR> | |
View all announcements for INDUSIND BANK LTD. | Source: BSE India |