ICICI Bank Ltd.#s Proposed U.S. Dollar Senior Unsecured Notes Rated #BBB-#

Stocks and Financial Services Press Releases Thursday December 7, 2017 16:03
SINGAPORE--7 Dec--S&P Global Ratings

SINGAPORE (S&P Global Ratings) Dec. 7, 2017--S&P Global Ratings today assigned its 'BBB-' long-term issue rating to a proposed issue of U.S. dollar-denominated senior unsecured notes by ICICI Bank Ltd. (foreign currency BBB-/Stable/A-3) via its Dubai branch.

The rating on the notes reflects the long-term issuer credit rating on the bank. The proposed notes will constitute direct, unconditional, unsecured, and unsubordinated obligations of India-based ICICI Bank. They shall at all times rank equally among themselves and with all other unsecured obligations of the bank. The rating on the notes is subject to our review of the final issuance documentation.


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