ICICI Bank announced that Moody’s Investors Service and S&P Global Ratings have assigned investment-grade ratings to its recent issuance of USD 300 million Senior Unsecured Fixed Rate Notes. Moody’s assigned a rating of ‘Baa3’, while S&P assigned ‘BBB’. These ratings reflect the bank’s stable creditworthiness and are a positive development for the Global Medium Term Note Programme.
Credit Ratings Assigned to New Notes
ICICI Bank Limited has received favorable credit ratings for its latest issuance of USD 300 million Senior Unsecured Fixed Rate Notes. This disclosure follows the bank’s earlier announcement on August 6, 2026, regarding the pricing of these notes under its USD 7.5 billion Global Medium Term Note Programme.
Ratings from Major Agencies
In separate communications dated August 12, 2026, two leading credit rating agencies have assigned their assessments. Moody’s Investors Service has rated the Notes as ‘Baa3’, which signifies a moderate degree of credit risk and is considered investment grade. Concurrently, S&P Global Ratings has assigned a rating of ‘BBB’, also indicating an investment-grade status and stable outlook.
Programme Context
These ratings are a key indicator of the market’s perception of ICICI Bank’s financial stability and its ability to meet its debt obligations. The USD 7.5 billion Global Medium Term Note Programme allows the bank to access international debt markets efficiently. The assigned ratings of ‘Baa3’ and ‘BBB’ are consistent with the bank’s overall credit profile and its established position in the financial sector.
Source: BSE
