StockWatch
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Private Sector Bank
Rating12 Aug 2026, 05:21 pm

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

AI Summary

ICICI Bank Limited has announced that Moody's Ratings and S&P Global Ratings have assigned ratings to its USD 300 million Senior Unsecured Fixed Rate Notes. Moody's assigned a 'Baa3' rating, while S&P Global Ratings assigned a 'BBB' rating. These ratings were provided via letters dated August 12, 2026, following the pricing of the notes under the Bank's USD 7.5 billion Global Medium Term Note Programme. The disclosure follows an earlier announcement on August 6, 2026, regarding the note pricing. The notes are not registered in the United States and cannot be offered or sold there without meeting specific exemption criteria.

Key Highlights

  • ICICI Bank's USD 300 million Notes receive ratings from Moody's and S&P.
  • Moody's assigns 'Baa3' rating; S&P assigns 'BBB' rating.
  • Ratings are for Senior Unsecured Fixed Rate Notes under GMTN Programme.
  • Disclosure follows August 6, 2026, note pricing announcement.