Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 1)
1.
Which bank received the inaugural BBB-/Stable investment-grade issuer credit rating from S&P Global Ratings?
Answer: Option
Explanation:
Federal Bank received its first-ever international issuer credit rating of BBB-/Stable for the long term and A-3 for the short term from S&P Global Ratings. This investment-grade rating reflects the bank’s strong financial fundamentals, disciplined risk management, healthy capitalisation, diversified funding profile, and consistent financial performance. A BBB- rating is the lowest level within the investment-grade category, indicating adequate financial strength, stable operating performance, and a strong ability to meet long-term financial commitments. The rating also enhances global investor confidence, improves access to capital, strengthens stakeholder trust, and reinforces the bank’s international credibility.
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