Fitch Affirms Indian Bank at 'BB+'; Withdraws All Ratings

Fitch Ratings has today affirmed and withdrawn the ratings of Indian Bank. Fitch has chosen to withdraw the ratings of Indian Bank for commercial reasons. A full list of rating actions is at the end of this rating action commentary.

KEY RATING DRIVERS

There has been no material change in Indian Bank's credit profile since the previous rating actions on 5 July 2016. For more information on the rating drivers, please see Fitch Affirms 9 Indian Banks' IDRs; Downgrades VRs of Canara, IDBI and Indian Bank - Ratings Navigator.

RATING SENSITIVITIES

Rating sensitivities are not applicable as the ratings have been withdrawn.

 

Fitch has affirmed and withdrawn the following ratings:

-- Long-Term Issuer Default Rating (IDR) at 'BB+'; Outlook Stable;

-- Short-Term IDR at 'B'

-- Viability Rating at 'bb+'

-- Support Rating at '3'

-- Support Rating Floor at 'BB+'

Powered by Capital Market - Live News