Indian Overseas Bank announced that S&P Global Ratings has affirmed its 'BB' long term issuer rating and 'B' short term issuer credit rating of the Bank. The ratings have been subsequently withdrawn at the Bank's request.

With the redemption of the MTN program, the Bank has no further requirement for the rating.

At the time of withdrawal, the rating outlook was stable and reflected S&P's continued expectation of a very high likelihood of extraordinary government support for the Bank through ongoing capital infusion.


0 thoughts on “Indian Overseas Bank gets affirmation in ratings from SP Global Ratings”

Post Comment

  High Accuracy Stock Future Performance

Performance given here is genuine and can check by taking pay or call trial, no free trial given to anybody as our trial calls are also worth to earn money and check us, you can even check without trading in trial period.

Daily News