ICICI Bank: Notes Rated Baa3 by Moody’s, BBB by S&P

ICICI Bank Limited has announced that its USD 500 million Senior Unsecured Fixed Rate Notes have received credit ratings from two major agencies. Moody’s Investors Service assigned a ‘Baa3’ rating, while S&P Global Ratings assigned a ‘BBB’ rating. These ratings were effective as of September 1, 2026, providing investors with an assessment of the creditworthiness of these notes issued under the Bank’s Global Medium Term Note Programme.

Credit Ratings Assigned to Senior Unsecured Notes

ICICI Bank Limited has received credit ratings for its recently priced USD 500 million Senior Unsecured Fixed Rate Notes. These notes are part of the Bank’s USD 7.5 billion Global Medium Term Note Programme. The ratings were issued by two prominent credit rating agencies on September 1, 2026.

Agency Ratings

Moody’s Investors Service has assigned a rating of ‘Baa3’ to the Notes. Concurrently, S&P Global Ratings has assigned a rating of ‘BBB’ to the same issuance. These ratings reflect the agencies’ assessment of the credit risk associated with these senior unsecured notes.

Disclosure Context

This disclosure is made in continuation to the Bank’s previous announcement on August 31, 2026, concerning the pricing of these Notes. The information is provided for the investors’ and relevant authorities’ information and records.

Source: BSE

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