ICICI Bank - Standalone Rating Raised; Foreign Currency Ratings Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the Bank Standalone Rating (BSR) of ICICI Bank to 'bbb-' from 'bb+' and the Core Financial Strength (CFS) rating to 'bbb+' from 'bbb'. At the same time, CI Ratings has affirmed the Bank's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at 'BBB-' and 'A3', respectively. The Extraordinary Support Level (ESL) of High has also been affirmed. The Outlook on the LT FCR and BSR remains Stable.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (India, ICICI Bank Ltd)
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