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IndusInd Bank receives affirmation in credit rating from Moody's
18-Mar-2025, 03:03
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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