S&P: Icici Bank notes BBB-

S&P said it assigned a BBB- long-term issue rating to a proposed issue of Hong Kong dollar-denominated senior unsecured notes by Icici Bank Ltd.

The rating on the notes reflects the long-term issuer credit rating on the bank.

The proposed notes will constitute direct, unconditional, unsecured and unsubordinated obligations of the bank, the agency said.

They shall rank at all times at par among themselves and with all other unsecured obligations of the bank, S&P said.

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