Dhanlaxmi Bank Limited has informed the Exchange about Credit Rating
DHANBANK · price
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Dhanlaxmi Bank has informed the stock exchanges that ICRA has reaffirmed the credit rating of its Basel III Tier-II Bonds at BBB- with a Stable outlook. BBB- is the lowest investment-grade rating on ICRA's scale. The reaffirmation indicates that ICRA's view on the bank's ability to meet these bond obligations remains unchanged. No change in rating action or outlook was announced. The intimation has been made under SEBI Listing Regulations.
Neutral for shareholders — the rating was maintained at BBB- (Stable), suggesting no immediate change in borrowing cost perception, though the rating remains at the lower end of investment grade, reflecting ongoing credit risk concerns.