S&P assigns 'BBB-' rating to IDFC FIRST Bank's $600-mln senior notes
This story was originally published at 17:30 IST on 21 August 2026
Register to read our real-time news.Informist, Friday, Aug. 21, 2026
--S&P assigns 'BBB-' rating to IDFC FIRST Bk's $600 mln senior notes
NEW DELHI – S&P Global Ratings Friday assigned a 'BBB-' long-term issue rating to IDFC FIRST Bank's $600-million senior unsecured notes due 2029, the lender informed exchanges. The bank had issued the notes from its International Financial Services Centre banking unit in Gujarat.
The rating is consistent with IDFC FIRST Bank's credit rating of 'BBB-' with a 'stable' outlook. "This reflects our expectation that the notes will always rank equally with all of the bank's other senior unsecured obligations," the rating agency said.
For the June quarter, IDFC FIRST Bank reported a net profit of INR 10.75 billion on total income of INR 133.61 billion. On Friday, the bank's shares ended at INR 86.75 on the National Stock Exchange, up 1.1% from the previous close. End
US$1 = INR 95.70
Reported by Priyasmita Dutta
Edited by Avishek Dutta
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
