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