From Fitch
IDBI Bank announced that Fitch Ratings has affirmed its Long-Term Issuer Default Ratings (IDR) at 'BB+' with a 'Negative' outlook, and Viability Rating at 'ccc+'. Concurrently, Fitch is also withdrawing all ratings on IDBI Bank.It may be mentioned that the MTN Bonds rated by Fitch were fully repaid on 30 November 2020, the Bank had terminated the rating engagements/ agreement with Fitch for various issues made under the MTN Bond Programme on 21 May 2021.
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