MUMBAI: August 14, 2026: IDFC FIRST Bank is pleased to announce that S&P Global Ratings has assigned the Bank its inaugural international investment-grade issuer credit ratings of ‘BBB-’ long-term and ‘A-3’ short-term, with a Stable Outlook.
Commenting on the rating, Mr. Sudhanshu Jain – Chief Financial Officer & Head Corporate Centre, said, “We are delighted to receive our first international investment grade Rating from S&P with a Stable Outlook.
We view this rating as an important milestone in our progress. The investment-grade rating is expected to enhance the Bank’s standing with global investors and financial institutions, support access to international funding markets, facilitate Standby Letter of Credit (SBLC) lines, strengthen foreign currency funding at the Bank’s GIFT City International Banking Unit, support mobilisation of FCNR(B) deposits, and deepen correspondent banking and cross-border trade finance relationships.”
Source: PTI News
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