Indian Overseas Bank MTN
 

Hello sir, will you please tell me the rating of the Indian Overseas Bank after raise $2 bn through MTN??

Re: Indian Overseas Bank MTN
 

Here as per your demand I am telling you rating of the Indian Overseas Bank after raise $2 bn through MTN

-Long-term Local and Foreign currency Bank Deposit ratings affirmed at Ba1; outlook changed to Negative from Stable
-Short-term Foreign currency Bank Deposit ratings affirmed at NP
-Other Short-term rating affirmed at (P)NP
-Senior Unsecured MTN program rating affirmed at (P)Ba1
-Subordinate MTN program rating downgraded to (P)B3 from (P)B2
-Junior Subordinate MTN program rating downgraded to (P)Caa1 from (P)B3
-BCA and Adjusted Baseline Credit Assessment downgraded to b3 from b2
-Counterparty Risk Assessment affirmed at Ba1(cr)/NP(cr)
-Indian Overseas Bank, Hong Kong Branch

Other Short-term rating affirmed at (P)NP
-Senior Unsecured debt rating affirmed at Ba1; outlook changed to Negative from Stable
-Senior Unsecured debt rating affirmed at (P)Ba1
-Senior Unsecured MTN program rating affirmed at (P)Ba1
-Subordinate MTN program rating downgraded to (P)B3 from (P)B2
-Junior Subordinate MTN program rating downgraded to (P)Caa1 from (P)B3
-Counterparty Risk Assessment affirmed at Ba1(cr)/NP(cr)
-Indian Overseas Bank, headquartered in Chennai, reported total assets of INR 2.85 trillion at 30 September 2015.