IDBI Bank’s Ratings Affirmed

Ref: IN020 20 CRA 00- 0 1 25 January 2021

IDBI Bank’s Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI ) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of IDBI Bank at ‘BB’ and ‘B ’, respectively. At the same time CI Ratings has affirmed the Bank Standalone Rating (BSR) of ‘ b+ ’, Core Financial Strength (CFS) rating of ‘ b ’ and E xtraordinary S upport L evel (ESL) of High . The Outlook for the LT FCR and BSR remains Negative , in line with CI’s internal assessment of India’s sovereign credit risk .

The Bank’s LT FCR is set two notches above the BSR , reflecting the high likelihood of extraordinary support from the government in case of need. The ESL of High is underpinned by its systemic importance as one of the country’s large banks and the government’s track record…