Equitas Small Finance Bank Limited has informed the Exchange about Assignment/Affirmation of Credit Rating
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Equitas Small Finance Bank has informed exchanges about credit rating actions taken by India Ratings & Research (Ind-Ra) on July 9, 2025. The rating agency has assigned IND AA-/Stable to a new unutilized Tier II bond of Rs. 500 crore and affirmed the same rating on an existing Tier II bond of Rs. 500 crore. The issuer rating was also reaffirmed at IND AA-/Stable. Additionally, the rating on the bank's certificate of deposit program of Rs. 2,500 crore was affirmed at IND A1+, the highest short-term rating. All outlooks remain Stable, indicating no change in the bank's credit profile.
No material impact on shareholders — existing ratings are reaffirmed with Stable outlook and the new bond rating is a routine assignment for an unutilized facility. This signals continued confidence from the rating agency in the bank's creditworthiness.