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. 2,000 crore to Rs. 5,000 crore. Ind-Ra has assigned IND AA+/Negative rating/outlook to the additional Tier 2 Bonds (Rs. 3,000 crore) while re-affirming the rating/outlook of Rs. 2,000 crore Basel III – Tier 2 Bonds.
Further, Ind-Ra has also re-affirmed the rating/outlook of other debt instruments (Infra Bonds and NCDs) at IND AA+/Negative.
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