IDBI Bank – Ratings Upgraded

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of IDBI Bank to 'BBB-' and 'A3', respectively, from 'BB+' and 'B'. At the same time, the Bank Standalone Rating (BSR) and Core Financial Strength (CFS) were both raised to 'bb', from 'bb-'.  The Outlook for the LT FCR and BSR has been revised to Stable from Positive. The Extraordinary Support Level (ESL) of High has been affirmed.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (India, IDBI Bank)
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