Indusind Bank Limited has informed the Exchange about Credit Rating
INDUSINDBK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts more than Nifty Midcap 150 and 0.6 pts less than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CRISIL Ratings has placed its 'CRISIL AA+' rating on IndusInd Bank's long-term debt instruments on 'Rating Watch with Negative Implications'. This affects Infrastructure Bonds worth INR 15 billion and Basel III compliant Tier 2 Bonds worth INR 40 billion. The short-term ratings on the Fixed Deposit Programme and Certificate of Deposits (INR 400 billion) have been reaffirmed at 'CRISIL A1+'. A 'Watch with Negative Implications' means CRISIL is reviewing the rating and could downgrade it in the near term if certain concerns are not resolved.
This is a negative signal for shareholders. The watch-negative status indicates CRISIL has flagged potential risks that could lead to a rating downgrade, which may raise the bank's future borrowing costs and weigh on investor sentiment. The short-term ratings remain intact, so immediate operational impact is limited.