Fedbank Financial Services Limited has informed the Exchange about Credit Rating
FEDFINA · price
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Fedbank Financial Services Limited (Fedfina), an NBFC subsidiary of Federal Bank, received credit rating actions from ICRA. ICRA assigned a fresh rating of AA+(Stable) to its Rs. 750 crore subordinated debt programme. The existing commercial paper rating of A1+ was reaffirmed, with the rated limit enhanced from Rs. 2,000 crore to Rs. 2,500 crore (additional Rs. 500 crore). ICRA's rationale highlighted strong parentage with Federal Bank holding a 60.8% stake, comfortable capitalisation (CRAR of 20.5%, gearing of 4.0x as of December 2025), and AUM growth at a 37% CAGR to Rs. 17,500 crore. Credit costs moderated to 0.6% in 9M FY2026 from 1.4% in FY2025, supporting profitability recovery.
Positive signal for shareholders - rating reaffirmation and a new AA+ subordinated debt rating reflect continued confidence in Fedfina's credit profile, while the enhanced commercial paper limit expands short-term funding capacity. No negative rating action.