IndusInd Bank receives affirmation in credit rating from Moody's

18 Mar 2025

IndusInd Bank receives affirmation in credit rating from Moody's

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.

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