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IDBI Bank informs about revision in rating

04 Dec 2020 Evaluate

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.

Peers
Company Name CMP
HDFC Bank 787.00
ICICI Bank 1569.00
Axis Bank 1320.00
Kotak Mahindra Bank 480.00
Indusind Bank 910.00
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