Saturday , 27 February 2021
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India Ratings affirms ratings of IndusInd Bank

India Ratings affirms ratings of IndusInd Bank

India Ratings and Research (Ind-Ra) has affirmed IndusInd Bank’s Long-term Issuer Rating at ‘AA+’ with revised Bank’s outlook from Stable to Negative. The agency has also affirmed Short-Term Issuer Rating at ‘A1+’.

The agency has also affirmed rating of bank’s Senior Unsecured redeemable Bonds worth Rs 2000 crore at ‘AA+’ with outlook revised to Negative from Stable. Additional Tier 1 (AT1) Bonds worth Rs 4000 Crore with outlook revised to Negative from Stable.

IndusInd Bank is one of the fastest-growing banks in the banking sector in India.