ICRA reaffirms rating on IDFC FIRST Bank Limited's NCDs

ICRA Limited ('ICRA') has re-affirmed the rating of Bank's NCDs (Rs. 27,691.84 crore) at '[ICRA] AA' with 'Stable' outlook and have re-affirmed ([ICRA] AA) & withdrawn the rating assigned to Rs. 4,906.89 crore NCDs due to its payment (NIL outstanding) by the Bank.

Further, ICRA has also re-affirmed ([ICRA] A1+) & withdrawn the rating assigned to Rs. 45,000 crore of the Bank's Certificate of Deposits, as there is no amount outstanding against the rated instrument.

Shares of IDFC First Bank Ltd was last trading in BSE at Rs.54.2 as compared to the previous close of Rs. 55.85. The total number of shares traded during the day was 2584380 in over 11287 trades.

The stock hit an intraday high of Rs. 56.2 and intraday low of 53.45. The net turnover during the day was Rs. 140873853.

Source : Equity Bulls

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