FilingReader Intelligence
S&P upgrades HDFC Bank rating following sovereign action
August 19, 2025 at 07:02 PM UTC•By FilingReader AI
S&P Global Ratings upgraded HDFC Bank's issuer credit rating to BBB/Stable/A-2 from BBB-/Positive/A-3, following a similar action on India's sovereign credit rating.
The upgrade reflects expectations of sustained strong capitalization, with a projected RAC ratio of 13.5%-14.5% over the next two years, benefiting from proceeds from a INR125bn IPO of HDB Financial Services.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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BSE:HDFCBANK•Bombay Stock Exchange
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