IndusInd Bank receives affirmation in credit ratings from Moody's

IndusInd Bank announced that Moody's Investors Service has reaffirmed the Credit Ratings of the Bank as mentioned below:

Long-term (LT) and Short-term (ST) foreign and local currency bank deposit and issuer ratings as well as Counterparty Risk Ratings (CRRs) - Ba1/NP (Stable)

Senior unsecured medium-term note program - (P)Ba1 (Stable)

LT and ST Counterparty Risk (CR) Assessments - Ba1(cr)/NP(cr) (Stable)

Moody's has upgraded the bank's Baseline Credit Assessment (BCA) and Adjusted BCA to ba1 from ba2.

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