Bank of Maharashtra has informed the Exchange about Credit Rating
MAHABANK · price
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Awaiting price reaction for this filing.
Bank of Maharashtra has received a reaffirmation of its credit ratings from Infomerics Valuation and Rating Limited on March 11, 2026. The Basel III Tier II Bonds, with a total rated amount of Rs. 1,000 crore (including a proposed Rs. 137 crore tranche), were reaffirmed at IVR AA+ with a Stable outlook. The Basel III Compliant Additional Tier 1 (AT 1) Bonds, with a total rated amount of Rs. 2,000 crore (including a proposed Rs. 120 crore tranche), were reaffirmed at IVR AA with a Stable outlook. All seven instruments received 'Reaffirmed' status, meaning the rating agency sees no change in the bank's creditworthiness. Both ratings are in the high investment-grade category, indicating strong capacity to meet financial commitments.
Neutral to mildly positive for shareholders — the unchanged ratings with a Stable outlook signal continued confidence in the bank's financial health and its ability to service bond obligations, which supports lower borrowing costs and investor trust.