01-Oct-2026 16:48:42

IDFC FIRST BANK LIMITED: INDIA RATINGS AFFIRMS RATINGS

• India Ratings and Research (Ind-Ra) has affirmed the rating of 'IND AA+ / Stable' assigned to the debt instruments of IDFC FIRST Bank Limited, comprising Basel III Tier II Bonds and Infrastructure Bonds, aggregating to ₹17,520 crore. • The rating agency also withdrew the rating and outlook assigned to the matured non-convertible debentures aggregating to ₹408 crore, following their full redemption. • CARE Ratings Limited (CareEdge Ratings) has re-affirmed the 'CARE AA+ / Stable' rating assigned to the Bank's long-term bank facilities aggregating to ₹692.38 crore and long-term debt instruments aggregating to ₹248.10 crore. • The rating rationales issued by Ind-Ra and CareEdge Ratings are enclosed.

IDFC First Bank Ltd

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