AU SMALL FINANCE BANK LTD : RATING REAFFIRMED AND OUTLOOK REVISED TO POSITIVE FROM STABLE

• ICRA Ratings reaffirmed [ICRA]AA rating for AU Small Finance Bank Ltd's long-term debt instruments (Tier-II Bonds) • Outlook revised from Stable to Positive. • Rating of [ICRA]AA (Outlook: Positive) assigned to Rs 100-crore infrastructure bonds. • ICRA notes improving scale, established retail asset franchise, and prudent financial risk profile. • The bank has received in-principle approval from the RBI for its transition into a universal bank.

AU Small Finance Bank Ltd

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