Ratings
BANK RATING
Rating

Baa3/Stable/P-3

Rating Agency

Moody’s

BBB-/Stable/A-3

S&P

BBB-/Stable/F-3

Fitch Ratings

AT 1 BONDS
Rating

AA+/Stable

Rating Agency

CRISIL

AA+/Stable

ICRA

AA+/Stable

CARE

TIER II BONDS
Rating

AAA/Stable

Rating Agency

CARE

AAA/Stable

ICRA

INFRASTRUCTURE BONDS
Rating

AAA/Stable

Rating Agency

ICRA

AAA/Stable

India Ratings

CARE : Credit Analysis & Research Limited
ICRA : ICRA Limited
CRISIL : CRISIL Limited
S&P : Standard & Poor’s

Note: Ratings as on 31.03.2023