IDFC First Bank receives ratings action from India Ratings

27 Mar 2022 , 01:32 AM

IDFC First Bank announced that India Ratings Research Ind-Ra has enhanced the rated amount of Basel III Tier 2 Debt Instruments Bonds of IDFC FIRST Bank from Rs 2000 crore to Rs 5000 crore Ind-Ra has assigned IND AANegative ratingoutlook to the additional Tier 2 Bonds Rs 3000 crore while re-affirming the ratingoutlook of Rs 2000 crore Basel III Tier 2 Bonds Further Ind-Ra has also re-affirmed the ratingoutlook of other debt instruments Infra Bonds and NCDs at IND AANegative