IDFC First Bank receives affirmation in credit ratings from ICRA

IDFC First Bank announced that that ICRA has re-affirmed rating/outlook of Bank's Debt instruments (Basel III Tier II Bonds and Infrastructure Bonds) amounting to Rs 12,520 crore at ICRA AA+/Stable.

Further, ICRA has also withdrawn the rating outstanding on the matured non-convertible debentures (NCDs), amounting to Rs 3,883.70 crore, as these have been fully redeemed and no amount is outstanding against the same.