CRISIL migrates FD rating of IDBI Bank to 20-point long term scale

CRISIL has migrated rating of Fixed Deposit (FD) programme from 14-point scale to 20-point long term scale. Accordingly, CRISIL has migrated the outstanding rating for the fixed deposits programme of the Bank from FAA/ Stable to CRISIL AA-/ Stable. As indicated in Credit Bulletin, "This migration represents only a recalibration of the rating from one scale to another and does not reflect any change in the credit risk profile of the fixed deposit programme. It is neither an upgrade nor a downgrade of the underlying credit risk profile of the FD programme."

Shares of IDBI Bank Limited was last trading in BSE at Rs. 33.40 as compared to the previous close of Rs. 33.55. The total number of shares traded during the day was 417718 in over 1498 trades.

The stock hit an intraday high of Rs. 33.80 and intraday low of 33.00. The net turnover during the day was Rs. 13938278.00.

Source : Equity Bulls

Keywords

IDBIBank INE008A01015 FixedDeposit RatingMigration