Fitch ups IndusInd outlook to positive

Fitch Ratings said it has revised the outlook on IndusInd Bank Ltd.'s national long-term rating to positive from stable.

At the same time, Fitch said it has affirmed the bank's national long-term rating at A(ind), national short-term rating at F1(ind), individual rating at D, support rating at 5, Rs. 4.851 billion subordinated lower tier 2 bonds at A(ind) and Rs. 3.08 billion upper tier 2 bonds at BBB+(ind).

The outlook on IndusInd's rating has been revised to positive to reflect the bank's improving financials following new management's initiatives, including reducing mismatch in its structural asset-liability profile, the agency said.

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