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As on 08-Sep-2026  12:41

Equitas Small Finance Bank's issuer rating reaffirmed at CARE AA-; Stable by CARE Ratings

Equitas Small Finance Bank Ltd. announced that CARE Ratings Limited has re-affirmed its issuer rating at CARE AA-; Stable, along with re-affirming the ratings for its Lower Tier II instruments (INE063P08112 and INE063P08120) at CARE AA-; Stable, Certificate of Deposit at CARE A1+, and Tier II Bonds at CARE BBB- (Stable), while also reaffirming Lower Tier II at CARE AA-; Stable; additionally, CARE Ratings Ltd. noted that a surveillance/review is possible annually and that the rating may be revised/reaffirmed/withdrawn based on periodic review, and further indicated that the issuer may not be cooperating, leading to a review based on best available information; CareEdge Ratings provided ratings reflecting opinions as on the date of the rating, but did not specify bank facilities or instruments, and noted that most entities rated by CareEdge Ratings have paid a credit rating fee, while information regarding other instruments and agencies remains incomplete or unavailable.