Credit rating agency, ICRA has revised ratings assigned to various debt instruments issued by IDBI Bank. The rating agency has revised rating for Lower Tier II Bonds transferred from IDBI home finance to ‘AA’ from ‘AA+’. The agency has also revised the rating of Flexibond services, Senior & lower Tier II Bonds, Infrastructure bonds from ‘AA+’ with negative outlook to ‘AA’ with negative outlook’ and rating of Upper Tier 2 bonds and Basel 2 compliant Perpetual Bonds from ‘AA’ with negative outlook’ to ‘AA-‘with negative outlook.
Credit rating agency, CARE has also revised rating for Lower Tier II Bonds transferred from IDBI home finance to ‘AA’ from ‘AA+’.
IDBI Bank is a Universal Bank with its operations driven by a cutting edge core Banking IT platform. The Bank offers personalized banking and financial solutions to its clients in the retail and corporate banking arena through its large network of Branches and ATMs, spread across length and breadth of India.
