Hot Pursuit

07-Sep-2026, 09:19

Bank of Maharashtra announced that S&P Global Ratings has assigned a rating of ‘BBB’ to its USD 500 million Euro Medium Term Note Programme, establishing it on September 4, 2026, and also assigned a ‘BBB’ rating to the US$500 million US$500 million euro medium-term note (MTN) program, with senior unsecured notes ranking equally with the issuer credit rating (BBB/Stable/A-2), and notes issued under the program ranking equally with other senior unsecured obligations, while index-linked notes are designated as ‘Not Rated’; S&P also assigned a ‘BBB’ rating to the Euro Medium-Term Note Program, with no further details provided, and no other rating agencies are mentioned in the provided information.