Fitch upgrades IDBI Bank's viability rating
IDBI Bank announced that Fitch Ratings has affirmed IDBI Bank's (IDBI) Long-Term Issuer Default Rating (IDR) at 'BB+'. The Outlook is Negative. The agency has also upgraded the bank's Viability Rating (VR) by one-notch to 'ccc+' from 'ccc', and affirmed the Support Rating Floor (SRF) at 'BB+' and Support Rating (SR) at '3'.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Dec 04 2020 | 11:24 AM IST