Announced Thu, 9 Jul · 19:06 IST
Federal Bank gets first international rating from S&P Global at BBB-/A-3 with stable outlook
Credit & Debt View source PDF
FEDERALBNK · price
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Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹328.00
prior close
₹330.30
base price
After-mkt
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AI summary
S&P Global assigned Federal Bank its first international credit rating: BBB-/A-3 with stable outlook, placing it at the threshold of investment grade. This opens access to global institutional investors, foreign bond markets, and cross-border funding. S&P cited strong capital (RAC ratio above 10%), stable asset quality, and a granular retail deposit base. Blackstone is buying a 9.99% stake for about INR 6,200 crore to support growth.
Likely market impact
Positive for shareholders. Investment-grade rating may attract global funds, lift valuations, and lower offshore borrowing costs.