Federal Bank Receives Its First International Investment Grade Issuer Rating From S&P Global Ratings
Federal Bank has received its first international investment-grade issuer rating of BBB-/Stable from S&P Global Ratings. This milestone reflects the bank's strong financial performance, risk management, and capital stability.
Why it matters
An international credit rating enhances the bank's credibility with global investors and facilitates easier access to international capital markets.
Mumbai, Maharashtra, India --- Business Wire India
Federal Bank today announced that S&P Global Ratings has assigned the Bank its inaugural international issuer credit ratings of BBB-/Stable for the long-term and A -3 for the short-term.
The assignment of the BBB- long-term issuer credit rating places Federal Bank in the global investment-grade category and marks an important milestone in the Bank’s evolution. It is the first international issuer credit rating assigned to the Bank by S&P Global Ratings.
The rating reflects an independent assessment of Federal Bank’s credit profile and underscores the strength of its franchise, disciplined risk management, sound capitalisation, diversified funding profile, liquidity position and consistent financial performance.
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