India Ratings and Research has affirmed its credit ratings for Equitas Small Finance Bank. The issuer rating remains ‘IND AA-/Stable’, with Tier II bonds also affirmed at the same rating. Certificates of Deposit have been affirmed at ‘IND A1+’. These ratings reflect the bank’s solid credit profile and stable outlook, providing confidence to stakeholders.
Credit Rating Affirmations for Equitas Small Finance Bank
Equitas Small Finance Bank has received updated credit rating actions from India Ratings and Research Private Limited (Ind-Ra). The rating agency has affirmed the bank’s Issuer Rating at ‘IND AA-/Stable’. Additionally, the ratings for the bank’s Tier II bonds, including those under ISIN INE063P08112 and INE063P08120, have also been affirmed at ‘IND AA-/Stable’. These instruments have an issue size of ₹5,000 million each and a maturity date of December 05, 2030, and July 31, 2030, respectively.
Rating for Certificates of Deposit
The rating for Equitas Small Finance Bank’s Certificates of Deposit has been affirmed at ‘IND A1+’. This rating applies to a significant issue size of ₹25,000 million. The ‘IND A1+’ rating signifies a very strong capacity for timely payment of financial commitments.
Unutilised Tier II Bond Rating
India Ratings has assigned a rating of ‘IND AA-/Stable’ to Equitas Small Finance Bank’s unutilised Tier II bond program, with an issue size of ₹5,000 million. This action indicates the agency’s continued positive outlook on the bank’s ability to service its debt obligations.
Details of Rating Actions
All rating actions were communicated by India Ratings on September 08, 2026, and were received by the bank with effective confirmation of the ratings. The affirmations underscore the bank’s consistent performance and stable financial outlook.
Source: BSE
