Fedbank Financial Services Limited has informed the Exchange about Credit Rating
FEDFINA · price
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India Ratings & Research has affirmed the existing credit rating of IND AA+/Stable for Fedbank Financial Services Limited across its bank loan facilities (INR 54,917 million) and non-convertible debentures/subordinated debt (INR 6,000 million and INR 6,500 million). Additionally, a fresh rating of IND AA+/Stable has been assigned to a proposed subordinated debt facility of INR 7,500 million that is yet to be issued. The detailed facility-wise breakdown covers term loans and working capital lines from multiple lenders including SBI, HDFC Bank, Federal Bank, ICICI Bank, IDBI Bank, and others, along with unutilised limits of over INR 19,000 million across debt instruments.
The rating affirmation at IND AA+/Stable — a strong investment-grade level — signals continued confidence in the company's credit profile and stable access to debt markets. The assignment of a new rating for a planned INR 750 crore subordinated debt indicates upcoming fundraising activity, which may lead to some dilution of existing debt holders' position but supports business growth.