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The Federal Bank has achieved the milestone as it received the first-ever international issuer credit rating of BBB-/Stable for the long term and A-3 for the short term by the S&P Global Rating. This rating places the bank in the globally recognized investment-grade category, and it reflects the strong financial fundamentals, prudent risk management and stable business performance.
Federal Bank Enters the Global Investment-Grade Category
The BBB-/Stable long-term issuer credit rating is the inaugural international rating that is assigned to the federal Bank by S&P Global Ratings.
This investment-grade rating indicates the relatively low risk of default; it possesses the financial strength to meet its long-term obligations.
These types of ratings are closely monitored by the global investors, financial institutions and credit markets when evaluating the investment opportunities.
After this rating, Federal Bank joins the ranks of the institutions recognized internationally for maintaining sound financial health and sustainable business practices.
What Does the BBB- Rating Mean?
A BBB- rating is the lowest level within the investment-grade category under the S&P Global Ratings credit rating scale.
It signifies that the bank has the,
- Adequate financial strength
- Stable operating performance
- Strong capacity to meet the financial commitments
- Moderate credit risk
- Stable future outlook
Why S&P Assigned the Investment-Grade Rating
According to the Federal Bank, this rating showcases the several core strengths that have supported the its consistent performance over the years, such as,
- Strong Franchise
- Disciplined Risk Management
- Healthy Capitalisation
- Diversified Funding Profile
- Consistent Financial Performance
Benefits of the Investment-Grade Rating
After receiving an international investment-grade rating offers the several strategic advantages for the Federal Bank.
These benefits are,
- Greater Global Investor Confidence
- Improved Access to Capital
- Stronger Stakeholder Trust
- Competitive Positioning
