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S&P: Icici Bank notes BBB-
Standard & Poor's said it assigned a BBB- long-term issue rating to a proposed issue of Australian dollar-denominated senior unsecured notes by Icici Bank Ltd.
The rating on the notes reflects the long-term counterparty credit rating on the bank, S&P said.
The proposed notes will constitute direct, unconditional, unsecured and unsubordinated obligations of Icici Bank, the agency said.
The notes shall at all times rank at par among themselves and with all other unsecured obligations of the bank, S&P said.
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