Kotak Mahindra Bank has received a BBB rating from S&P Global Ratings for its upcoming USD 650 million Senior Notes. These notes are part of a larger USD 1 billion Euro Medium Term Note Programme established on August 14, 2026. The rating reflects the agency’s assessment of the bank’s creditworthiness concerning these new debt instruments. The rationale behind the rating is available on S&P’s website.
Kotak Mahindra Bank Secures S&P Rating for New Debt Issuance
Kotak Mahindra Bank announced on August 20, 2026, that S&P Global Ratings has assigned a credit rating of BBB to the bank’s proposed issuance of USD 650 million 5.478% Senior Notes. These notes are being issued and allotted under the bank’s established USD 1 billion Euro Medium Term Note Programme, which was finalized on August 14, 2026.
Rating Details and Availability
The assigned BBB rating signifies S&P’s opinion on Kotak Mahindra Bank’s ability to meet its financial obligations related to these senior notes. The detailed rating rationale and opinion from S&P Global Ratings have been published and are accessible on their official website at https://www.spglobal.com/en. This intimation is also being hosted on the bank’s investor relations website, adhering to listing regulations.
Source: BSE
