IndusInd Bank announced that Moody's Investors Service have reaffirmed the credit rating on the Bank as mentioned below:
|
Type |
Rating (Outlook) |
Rating Action |
|
Long-term (LT) and Short-term (ST) foreign and local currency (LC) bank deposits and issuer ratings as well as Counterparty Risk Ratings (CRRs) |
Ba1/NP (Stable) |
Affirmed |
|
Senior unsecured medium-term note program |
(P)Ba1 (Stable) |
Affirmed |
|
LT and ST Counterparty Risk (CR) Assessments |
Ba1(cr)/NP(cr) (Stable) |
Affirmed |
Moody's has placed IndusInd's Ba1 Baseline Credit Assessment (BCA) and adjusted BCA under review for downgrade.