Equitas Small Finance Bank Limited has informed the Exchanges about Assignment/Reaffirmation of Credit Rating
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Awaiting price reaction for this filing.
CARE Ratings has assigned CARE AA-; Stable to Equitas Small Finance Bank's proposed Lower Tier II Bonds (Basel II) of Rs. 500 crore. The agency also reaffirmed the issuer rating at CARE AA-; Stable, reaffirmed the rating on existing Lower Tier II Bonds (Basel II) of Rs. 500 crore at CARE AA-; Stable, and reaffirmed the Certificate of Deposit rating of Rs. 1,500 crore at CARE A1+. The reaffirmation was based on the bank's operational and financial performance for FY25 (Audited). The AA- rating indicates a high degree of safety on the debt instruments, while A1+ on the CD indicates the strongest capacity for timely payment of short-term obligations.
This is a neutral-to-slightly-positive development — ratings were maintained at current levels, signaling continued confidence in the bank's credit profile. The proposed Rs. 500 crore bond issuance will strengthen the bank's Tier II capital base, supporting growth and regulatory compliance.