Announced Fri, 14 Aug · 22:27 IST
Kotak Bank gets S&P BBB rating for USD 1 billion note programme
KOTAKBANK · price
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Price reaction · full curve 14 horizons · vs prior close
-0.9%1-day move
₹391.15
prior close
₹389.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.8+1.0+1.0+0.8-0.9-0.2+1.6+3.0+2.4+6.5+8.0+6.6——
Up moveDown movePending
AI summary
S&P Global Ratings assigned a BBB rating to Senior Notes to be issued by Kotak Mahindra Bank under a new USD 1 billion Euro Medium Term Note Programme established on August 14, 2026. BBB is an investment grade rating. This gives the bank access to international debt markets through senior note issuances under the programme.
Likely market impact
Investment grade BBB rating helps Kotak Bank raise up to USD 1 billion from global markets at competitive rates, diversifying funding sources.