Hot Pursuit
IDBI Bank Ltd announced revisions to credit ratings across various instruments by multiple agencies, including CRISIL, CARE Ratings, and India Ratings & Research. CRISIL has revised the rating outlook on IDBI Bank’s long-term bank loans, Tier II capital instruments, and perpetual debt instruments, all amounting to Rs 12,000 crore, from ‘Negative’ to ‘Stable,’ while affirming the ratings at “BBB+.” CARE Ratings has simultaneously revised the rating outlook on IDBI Bank’s long-term bank loans, Tier II capital instruments, and perpetual debt instruments, totaling Rs 12,000 crore, from ‘Negative’ to ‘Stable,’ maintaining the ratings at “BBB+.” India Ratings & Research has also taken similar actions, revising the rating outlook on IDBI Bank’s long-term bank loans, Tier II capital instruments, and perpetual debt instruments, aggregating to Rs 12,000 crore, from ‘Negative’ to ‘Stable,’ and confirming the ratings at “BBB+,” with no assignments or withdrawals reported by any of the agencies.