IDFCFIRSTBIDFC First Bank Limited
IDFC First Bank’s NCD rating reaffirmed by Brickwork at BWR AA+ (Stable) as rated amount falls to ₹407 crore
- Credit rating
- Banking
IDFC First Bank Limited has told the exchanges on 8 Oct 2026 that Brickwork Ratings has reaffirmed its BWR AA+/Stable rating on outstanding non-convertible debentures aggregating ₹406.90 crore. The rated amount is down from ₹621 crore because debentures were redeemed on maturity, according to the rating rationale dated 7 Oct 2026.
Brickwork says the review took into account the bank’s audited financials up to FY26 and its performance up to Q1 FY27. The detailed rationale was filed with the intimation.
Inference
The rating and outlook are unchanged. The lower rated amount reflects repayment of maturing debentures and not a change in credit view.
Reference: Original filing (PDF)
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