Fitch affirms ICICI Bank's issuer default rating at 'BB+'; outlook negative

The rating agency assigned ICICI Bank a Government Support Rating (GSR) of 'bb+' as well

ICICI Bank
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Abhijit Lele Mumbai
Fitch Ratings has affirmed private lender ICICI Bank’s long-term issuer Default Rating (IDR) at 'BB+' with negative outlook.

The rating agency also assigned ICICI a Government Support Rating (GSR) of 'bb+'.

Rating for IDR at 'BB+' is support driven and linked to India's sovereign rating (BBB-/Negative).

First Published: Nov 29 2021 | 8:51 PM IST

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