01/12/2021 | Press release | Distributed by Public on 01/12/2021 02:14
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 IndusInd Bank (IIB) at 'BBB-' and 'A3', respectively. At the same time CI Ratings has affirmed IIB's Bank Standalone Rating (BSR) of 'bbb-', Core Financial Strength (CFS) rating of 'bbb+' and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR remains Negative.
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