IDBI Bank has informed that Fitch Ratings through their Press Release dated December 3, 2020, has upgraded the viability Rating to 'ccc+' from 'ccc' and has reaffirmed IDBI's Long-Term Issuer Default Rating (IDR) at 'BB+', with a Negative Outlook, Support Rating Floor at 'BB+' and Support Rating at '3'. The rationale given by Fitch Ratings for upgrading the Viability rating is attached. Take the above intimation on record in terms of the provisions of Regulations 30 & 51 of SEBI (LODR) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
