Dhanlaxmi Bank Limited has informed the Exchange about Credit Rating- Others
DHANBANK · price
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Awaiting price reaction for this filing.
Dhanlaxmi Bank has informed the exchanges that CARE Ratings has withdrawn the credit rating on its Tier-II Bond Series XV (ISIN: INE680A08081) with immediate effect. The rating withdrawal is because the bank has already redeemed and repaid the entire bond issue in full on March 29, 2025. There are no amounts outstanding under this bond issue as on date. This is a routine housekeeping disclosure following the full repayment of the debt instrument.
Neutral for shareholders — the bond was fully repaid and there is no outstanding obligation, so the rating withdrawal simply reflects that the instrument no longer exists. This signals that the bank has met its debt obligation on time, which is mildly positive for its credit profile.