General Announcement::Credit Rating

Issuer & Securities

Issuer/ Manager
INDUSIND BANK LIMITED (ACTING THROUGH ITS INTERNATIONAL FINANCIAL SERVICES CENTRE BANKING UNIT)
Securities
INDUSINDBKUS$400M3.875%N220415 - XS1978939079 - JNNB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
06-Apr-2020 22:10:04
Status
New
Announcement Sub Title
Credit Rating
Announcement Reference
SG200406OTHRMHPC
Submitted By (Co./ Ind. Name)
IndusInd Bank Limited
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Subject: - Moody's Rating Action - Update

We hereby inform that Moody's Investors Service (Agency), vide their communication dated April 3, 2020 have communicated that they have placed Bank's domestic and foreign currency issuer ratings of Baa3/P-3 under review for downgrade. The Bank's ba1 baseline credit assessment (BCA) and adjusted BCA have also been placed under review for downgrade by the Agency.

The communication received from the Agency is attached herewith.

This disclosure is being made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

A copy of this letter is being uploaded on the website of the Bank at www.indusind.com.

Attachments

SGXIntimationSEMoodys.pdf
Total size =2182K