Indian Overseas Bank (IOB) announced that Fitch Ratings has assigned a fresh set of credit ratings effective February 26, 2026. The key highlights include a Long Term Issuer Default Rating (IDR) of “BBB-/Stable” and a Viability Rating of “bb”. The Short Term Issuer Default Rating (ST-IDR) was assigned as “F3”. These new ratings confirm the bank’s current credit standing as assessed by the international rating agency.
Fitch Ratings Update for IOB
Indian Overseas Bank (IOB) has received a fresh assignment of global credit ratings from M/s Fitch Ratings, an international credit rating agency. This disclosure was made pursuant to regulatory requirements on February 26, 2026.
Summary of Assigned Ratings
The agency has assigned the bank a new Long Term Issuer Default Rating (IDR) of “BBB-/Stable”. Additionally, the Viability Rating (VR) was assigned as “bb”. All new ratings were verified as of 26.02.2026 and confirmed as Verified status.
Detailed Rating Breakdown
The document provided a comprehensive table detailing the specific rating actions across various parameters:
- Long Term Issuer Default Rating (LT-IDR): Assigned BBB-/Stable (New Action).
- Short Term Issuer Default Rating (ST-IDR): Assigned F3 (New Action).
- Viability Rating: Assigned bb (New Action).
- Government Support Rating: Assigned bbb- (New Action).
For all four parameters listed, the rating action taken was New, and the date of credit rating assignment across the board was 26.02.2026.
Source: BSE
