Moody's and S&P rate ICICI Bank (NYSE: IBN) USD senior notes
Rhea-AI Filing Summary
ICICI Bank Limited reports that Moody’s Ratings and S&P Global Ratings, via letters dated July 24, 2026, assigned ratings of Baa3 and BBB, respectively, to USD denominated Senior Unsecured Fixed Rate Notes issued through its IFSC Banking Unit under the bank’s Global Medium Term Note Programme.
The bank states that these Notes are not being offered or sold in the United States, are not registered under the U.S. Securities Act of 1933, and there is no intention to register them or conduct a public offering of these securities in the United States.
Positive
- None.
Negative
- None.
Key Figures
Moody's rating on USD Senior Notes: Baa3
S&P Global Ratings rating on USD Senior Notes: BBB
Ratings letter date: July 24, 2026
3 metrics
Moody's rating on USD Senior Notes
Baa3
Assigned on July 24, 2026 to USD denominated Senior Unsecured Fixed Rate Notes
S&P Global Ratings rating on USD Senior Notes
BBB
Assigned on July 24, 2026 to USD denominated Senior Unsecured Fixed Rate Notes
Ratings letter date
July 24, 2026
Date of Moody’s and S&P Global Ratings letters assigning ratings to the Notes
Key Terms
Senior Unsecured Fixed Rate Notes, Global Medium Term Note Programme, Securities Act of 1933, IFSC Banking Unit
4 terms
Senior Unsecured Fixed Rate Notes financial
"assigned ‘Baa3’ and ‘BBB’ rating respectively to the USD denominated Senior Unsecured Fixed Rate Notes"
Global Medium Term Note Programme financial
"Notes issued by ICICI Bank Limited, acting through its IFSC Banking Unit, under the Bank’s Global Medium Term Note Programme"
Securities Act of 1933 regulatory
"not been and will not be registered under the United States Securities Act of 1933, as amended"
IFSC Banking Unit financial
"Notes issued by ICICI Bank Limited, acting through its IFSC Banking Unit, under the Bank’s Global Medium Term Note Programme"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What ratings did Moody's and S&P assign to ICICI Bank (IBN) USD notes?
Moody’s assigned a Baa3 rating and S&P Global Ratings assigned a BBB rating to ICICI Bank’s USD denominated Senior Unsecured Fixed Rate Notes, based on letters dated July 24, 2026, issued under the bank’s Global Medium Term Note Programme.
Which ICICI Bank (IBN) securities received the new credit ratings?
The ratings apply to USD denominated Senior Unsecured Fixed Rate Notes issued by ICICI Bank Limited through its IFSC Banking Unit under the bank’s Global Medium Term Note Programme, as referenced in the July 24, 2026 correspondence from Moody’s and S&P Global Ratings.
When were the new credit ratings for ICICI Bank (IBN) notes assigned?
Moody’s and S&P Global Ratings assigned their ratings via letters dated July 24, 2026. These letters relate specifically to ICICI Bank’s USD denominated Senior Unsecured Fixed Rate Notes issued under its Global Medium Term Note Programme through the IFSC Banking Unit.
Are ICICI Bank (IBN) rated notes being offered in the United States?
No. ICICI Bank states the Notes are not offered or sold in the United States, are not registered under the U.S. Securities Act of 1933, and there is no intention to register them or conduct a U.S. public offering of these securities.
What does ICICI Bank (IBN) disclose about its Global Medium Term Note Programme?
ICICI Bank explains that the rated securities are issued under its Global Medium Term Note Programme, with USD denominated Senior Unsecured Fixed Rate Notes placed through its IFSC Banking Unit, and that these specific Notes have received Baa3 and BBB ratings from Moody’s and S&P, respectively.
