Bank of Maharashtra announced on September 21, 2026, that S&P Global Ratings has assigned a credit rating of BBB to its USD 500 million Medium Term Note Programme. This rating reflects the bank’s creditworthiness for the notes issued under this program. The detailed rationale behind the rating has been published by S&P Global Ratings and is available on their website.
S&P Global Ratings Assigns BBB to Bank of Maharashtra’s MTN Programme
On September 21, 2026, Bank of Maharashtra received a significant credit rating from S&P Global Ratings. The institution has assigned a rating of BBB to the notes issued under the bank’s USD 500 million Medium Term Note Programme. This program was established on September 4, 2026.
Rating Details and Availability
The assignment of this rating signifies S&P Global Ratings’ opinion on the bank’s creditworthiness concerning these specific notes. The detailed rationale and opinion behind the BBB rating have been made public by S&P Global Ratings and can be accessed on their official website at www.spglobal.com/ratings. The bank has also hosted this intimation on its own corporate announcements webpage.
Program Overview
The Medium Term Note Programme has a total issuance capacity of up to USD 500 million. The rating applies to the senior notes issued under this programme. This development is crucial for the bank’s strategy to access international debt markets and fund its growth initiatives.
Source: BSE
