CRISIL assigns AA+ rating for IDBI bonds issue

CRISIL has assigned / reaffirmed following ratings to Industrial Development Bank of India Ltd (IDBI):

1. Rs 30.00 Billion Flexi Bonds: AA+/Stable (Assigned)

2. Rs 55.25 Billion Omni Bonds: AA+/Stable (Enhanced from Rs 50.00 Billion)

3. Rs 10.00 Billion Lower Tier II Bonds: AA+/Stable (Assigned)

4. Rs 30.00 Billion Flexi Bonds: AA+/Stable (Reaffirmed)

5. Rs 89.45 Billion Omni Bonds: AA+/Stable (Reaffirmed)

6. Bonds Issue (Including the aggregated of Rs 1.45 Billion Subordinated Bonds of the erstwhile IDBI Bank Ltd): AA+/Stable (Reaffirmed)

7. Certificate Deposit Programme: AA+/Stable (Reaffirmed)

8. Fixed Deposit Programme: FAAA/Stable (Reaffirmed)

9. Certificate of Deposit Programme: P1+(Reaffirmed) (Less than 1 year maturity, including the Certificates of Deposits of the erstwhile IDBI Bank Ltd)

10. Rs 50.00 Billion Short Term Debt Programme: P1+ (including Certificates of Deposits) (Enhanced from Rs 25 Billion)

Source : Equity Bulls

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