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 22:14:07
Status
New
Announcement Sub Title
Credit Rating
Announcement Reference
SG200406OTHRPJJL
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: India Ratings affirms Long Term Issuer Rating at 'IND AA+' with a revised Bank's outlook from Stable to Negative and affirms Short-Term Issuer Rating at 'IND A1+'

We hereby inform that India Ratings and Research (Agency), vide its communication dated April 4, 2020 has affirmed the Bank's Long-Term Issuer Rating at 'IND AA+' with revised Bank's Outlook from Stable to Negative.

The Agency has also affirmed Short-Term Issuer Rating at 'IND A1+'.

The instrument wise ratings assigned are mentioned below:

Type:Senior Unsecured redeemable Bonds
Size of issue(billion): INR20
Rating / Outlook:IND AA+/Negative
Rating Action:Affirmed; Outlook revised to Negative from Stable

Type: Additional Tier 1 (AT1)Bonds
Size of issue(billion): INR40
Rating / Outlook:IND AA /Negative
Rating Action:Affirmed; Outlook revised to Negative from Stable

The Press Release issued by the Agency on the Bank's Rating can be accessed at the following web link:

https://www.indiaratings.co.in/PressRelease?pressReleaseID=40630&title=India-Ratings-Revises-IndusInd-Bank%E2%80%99s-Outlook-to-Negative%3B-Affirms-%E2%80%98IND-AA%2B%E2%80%99

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

SGXIntimationSEIndiaRating.pdf
Total size =550K