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Ind-Ra assigns ‘AA+ negative’ rating to IDFC First Bank’s Tier 2 bonds

12 Dec 2019 Evaluate

Credit rating agency India Ratings & Research (Ind-Ra) has assigned 'AA+/ Negative' Rating/ Outlook in respect of IDFC First Bank's 'Basel III - Tier 2 Bonds' of Rs 2000 crore (Size of Issue) and has affirmed existing ratings (AA+/ Negative) in respect of bank's other senior debt instruments (Infra Bonds & NCDs).

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

Peers
Company Name CMP
HDFC Bank 699.50
ICICI Bank 1385.25
Axis Bank 1209.00
Kotak Mahindra Bank 458.00
Indusind Bank 836.35
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