News & Credit Rating Announcements
22 December 2022 | Country: India | Bank: IndusInd Bank Ltd
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IndusInd Bank - Ratings Affirmed and Withdrawn
Overview
Capital Intelligence Ratings (CI Ratings) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating of IndusInd Bank (IIB) at 'BBB-' and 'A3', respectively. IIB's Bank Standalone Rating (BSR) of 'bbb-', Core Financial Strength (CFS) rating of 'bbb+', and Extraordinary Support Level (ESL) of High have also been affirmed. The Outlook for the LT FCR and BSR remains Stable. At the same time, CI Ratings has withdrawn the ratings assigned to IIB at the request of the Bank.
Attachments
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Rating Announcement (CRA)
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