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INDUSIND BANK LTD. - Announcement under Regulation 30 (LODR)-Credit Rating
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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&apos;s Long-Term Issuer Rating at &apos;IND AA+&apos; with revised Bank&apos;s Outlook from Stable to Negative. &lt;BR&gt; The Agency has also affirmed Short-Term Issuer Rating at &apos;IND A1+&apos;.&lt;BR&gt; The instrument wise ratings assigned are mentioned below: &lt;BR&gt; Type Size of issue (billion) Rating / Outlook Rating Action&lt;BR&gt; Senior Unsecured redeemable Bonds INR20 IND AA+/ Negative Affirmed; Outlook revised to Negative from Stable&lt;BR&gt; Additional&lt;BR&gt; Tier 1 (AT1)&lt;BR&gt; Bonds INR40 IND AA /Negative Affirmed; Outlook revised to Negative&lt;BR&gt; from Stable&lt;BR&gt; The Press Release issued by the Agency on the Bank&apos;s Rating can be accessed at the following web link: &lt;BR&gt; https://www.indiaratings.co.in/PressRelease?pressReleaseID=40630&amp;title=India-Ratings-Revises-IndusInd-Bank%E2%80%99s-Outlook-to-Negative%3B-Affirms-%E2%80%98IND-AA%2B%E2%80%99&lt;BR&gt; &lt;BR&gt;
View all announcements for INDUSIND BANK LTD. Source: BSE India