S&P rates Icici Bank notes BBB-

S&P said it assigned a BBB- long-term issue rating to a proposed issue of dollar-denominated senior notes by Icici Bank Ltd. via its Dubai branch.

The agency said the rating reflects the long-term issuer credit rating.

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

They will at all times rank equally among themselves and with all other unsecured obligations of the bank, S&P noted.

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