RBL Bank gets revision in credit ratings

From ICRA

RBL Bank announced that ICRA has upgraded the rating to ICRA AA- (hyb) from ICRA A+ (hyb) for the Rs 800 crore Basel III Compliant Tier II Bond Programme of the Bank.

ICRA has also upgraded the rating of medium term fixed deposit programme to MAA from MAA-.

ICRA has reaffirmed the rating of ICRA A1+ for the enhanced certificate of deposit programme of Rs 4000 crore (enhanced from Rs 3000 crore) of RBL.

ICRA has also reaffirmed the rating of ICRA A1+ for the short term fixed deposit programme of RBL.

The outlook on the long term and medium term rating has been changed to Stable from Positive earlier.

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