Business Standard

Moody's withdraws IDBI Bank's credit ratings for business reasons

Global credit rating agency Moody's Investors Service on Monday said it has withdrawn IDBI Bank Ltd's ratings for business reasons

Moody's withdraws IDBI Bank's credit ratings for business reasons

Moody's withdraws IDBI Bank's credit ratings for business reasons. Photo: Shutterstock

IANS Chennai
Global credit rating agency Moody's Investors Service on Monday said it has withdrawn IDBI Bank Ltd's ratings for business reasons.
According to Moody's, it has withdrawn the Ba1/NP long-term (LT) and short-term (ST) local and foreign currency counterparty risk ratings (CRR), Ba2/NP LT and ST local and foreign currency bank deposit ratings, Ba2 foreign currency senior unsecured rating, Ba1(cr)/NP(cr) LT and ST counterparty risk assessments (CRA), and b1 baseline credit assessment (BCA) and adjusted BCA.
The stable outlook on the long-term bank deposit and senior unsecured ratings was also withdrawn.
Moody's has also withdrawn IDBI Bank Ltd, DIFC Branch's Ba1/NP LT and ST local and foreign CRRs and Ba1(cr)/NP(cr) LT and ST CRAs.
The stable rating outlook was also withdrawn.
--IANS
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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 30 2023 | 2:50 PM IST

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