ICRA assigns LAAA rating to ICICI bonds prog

New Delhi, July 27 (UNI) Credit rating agency ICRA has assigned a LAAA rating to the proposed Rs 1000 crore Unsecured Redeemable bonds programme of ICICI Bank Ltd (IBL).

The rating take into consideration IBL's strong position in the Indian financial system as the second largest commercial bank, its improving profitability and its extensive corporate relationships.

The ratings also takes into account IBL's improved catitalisation levels following its successful public offerings in the last two years.

In addition, the Bank also has ratings of LAAA, MAAA and A1+ for its long-term debt, fixed deposits and certificates of deposits programmes.

UNI DKS RA PC1755