20-Aug-2026      17:59

HDFC Bank secures ratings for USD 1.75 billion senior notes due 2029 from S&P and Moody’s

HDFC Bank Ltd announced ratings actions across several instruments from S&P Global Ratings Singapore Pte. Limited, Moody’s Investors Service Singapore Pte. Limited, and Moody's, including an assignment of ratings of BBB by S&P Global Ratings Singapore Pte. Limited and Baa3 by Moody’s Investors Service Singapore Pte. Limited for the proposed USD 1,750,000,000 USD Senior Notes due 2029 and USD 1,750,000,000 Fixed Rate Senior Notes, with Moody’s assigning a stable outlook; S&P Global Ratings affirmed a BBB rating and stable outlook for Tier 2 Bonds amounting to 1,000,000,000; Moody's upgraded the rating on Certificate of Deposit to A2 with a positive outlook for an amount of 500,000,000; and S&P Global Ratings Singapore Pte. Ltd. assigned a new rating of BBB for USD Senior Notes due 2029 and 2031 issued by the GIFT -City Branch.

News source: Capital Market - Live News