Instrument Rating Rating Agency
Bank Rating Baa3/P3/Stable(m)/D+
BBB-/Stable/A-3
BBB-/F3/
Moody’s
S & P
Stable Fitch
Instrument rating
Innovative Perpetual
Debt Instruments
‘AAA/Stable’
‘CareAAA’
CRISIL
Care
upper Tier II
Subordinated Debt
‘AAA/Stable’
‘CareAAA’
CRISIL
Care
lower Tier II
Subordinated Debt
‘AAA/Stable’
‘CareAAA’
‘(ICRA)AAA’
CRISIL
Care
ICRA
Basel III
Tier 2
‘AAA/Stable’
‘CareAAA’
‘(ICRA)AAA(hyb)’
CRISIL
Care
ICRA

Care: Credit Analysis & Research Limited

ICRA: ICRA Ltd.

CRISIL: CRISIL Ltd.

S&P: Standard &Poor