Fitch cuts IndusInd Bank view to stable

Fitch Ratings said it revised the national outlook of IndusInd Bank Ltd.'s (IBL) subordinated debt programs to stable from positive.

The national long-term rating is affirmed at A+(ind) and the national short-term rating on the bank's INR2.5 billion certificates of deposit program has been affirmed at F1+(ind), the agency said.

The revision follows a possible reduction in IBL's equity on account of the recent guidelines issued by Reserve Bank of India regarding capital charges on credit enhancements provided by originators of securitization transactions, Fitch added.

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