Icici Bank (IBN) has released an update.
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S&P Global Ratings has affirmed ICICI Bank’s credit rating and improved its outlook to ‘BBB-/positive/A-3’, a step up from the previous ‘BBB-/Stable/A-3’. This enhancement reflects a positive revision in the Bank’s stand-alone credit profile from ‘BBB’ to ‘BBB+’. Details of the announcement were made available to Indian stock exchanges and can be found on ICICI Bank’s website.
For further insights into IBN stock, check out TipRanks’ Stock Analysis page.
