2 weeks ago
S&P assigns IDFC First Bank first international investment grade rating
IDFC First Bank is a big private bank in India.
A company called S&P Global Ratings checks how safe and strong banks are.
S&P gave IDFC First Bank a special rating called 'BBB-'.
This is the first international investment grade rating the bank has ever received.
It is like getting a very good report card for the bank.
The rating means the bank is seen as strong enough to borrow money from people and companies around the world.
S&P thinks the bank will stay strong for the next couple of years.
The bank plans to grow its loans by about 20 percent every year.
It also plans to raise more money to help it keep growing.
This good rating will help the bank get money from other countries more easily.
S&P Global Ratings assigned 'BBB-' long-term and 'A-3' short-term issuer credit ratings to IDFC First Bank with a stable outlook.
The rating is IDFC First Bank's first international investment grade rating.
S&P forecasts the bank's risk-adjusted capital (RAC) ratio will stay at 10.0%-10.5%, compared with 10.9% as of March 2026.
The bank's loan book is likely to grow at about 20% per annum, faster than the wider Indian banking industry.
S&P expects IDFC First Bank to raise additional capital of up to ₹75 billion in fiscal 2027 to support its growth plans.
- Who
- IDFC First Bank, rated by S&P Global Ratings; CFO Sudhanshu Jain welcomed the rating.
- What
- S&P Global Ratings assigned 'BBB-' long-term and 'A-3' short-term issuer credit ratings to IDFC First Bank with a stable outlook, marking the bank's first international investment grade rating.
- Where
- India, with the rating also supporting foreign currency funding at the bank's GIFT City International Banking Unit.
- When
- Announced in a report published on August 15, 2026; S&P's forecasts cover the next 18-24 months, including fiscal 2027 (ending March 31, 2027).
- Why
- The rating is expected to enhance the bank's standing with global investors, support access to international funding markets and SBLC lines, strengthen foreign currency funding, and deepen cross-border trade finance relationships.
Key facts
- Bank
- IDFC First Bank
- Rating agency
- S&P Global Ratings
- Long-term issuer credit rating
- BBB-
- Short-term issuer credit rating
- A-3
- Outlook
- Stable
- Forecast risk-adjusted capital (RAC) ratio
- 10.0%-10.5% (vs 10.9% as of March 2026)
- Expected loan book growth
- About 20% per annum
- Expected capital raise in fiscal 2027
- Up to ₹75 billion
Quotes
Sudhanshu Jain
Chief Financial Officer & Head Corporate Centre, IDFC First Bank
“We are delighted to receive our first international investment grade Rating from S&P with a Stable Outlook.”
thehindubusinessline.com
Sources
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