Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for IDBI Bank Ltd. > News item |
S&P rates IDBI Bank notes BB+
Standard & Poor's said it assigned a BB+ long-term issue rating to a proposed issue of dollar-denominated senior unsecured notes by IDBI Bank Ltd.
The bank will issue the notes under its $5 billion medium-term notes program.
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 the bank. They shall at all times rank at par among themselves and with all other unsecured obligations of the bank, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.