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Moody's assigns Baa3 rating to IndusInd Bank

29 Mar 2019 Evaluate

Global rating agency, Moody's has assigned a Baa3 rating to IndusInd Bank and has kept the outlook stable citing strong profitability and healthy asset quality. The agency has assigned a long-term local and foreign currency bank deposit and issuer rating of Baa3 to the lender. The bank’s baseline credit assessment (BCA) and adjusted BCA have been assigned a rating of ba1.

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

Peers
Company Name CMP
HDFC Bank 692.30
ICICI Bank 1392.75
Axis Bank 1218.80
Kotak Mahindra Bank 442.00
Indusind Bank 835.00
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