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Prospect News home > News index > List of issuers H > Headlines for HDFC Bank Ltd. > News item |
S&P rates HDFC Bank notes BBB-
S&P said it assigned its BBB- long-term issue rating to the India rupee-denominated senior notes that HDFC Bank Ltd. (BBB-/stable/A-3) proposes to issue.
The Masala bond is under the bank's $3 billion global medium-term note program.
The agency said the rating on the notes reflects the long-term issuer credit rating on HDFC Bank.
The notes will constitute direct, unconditional, unsecured and unsubordinated obligations of the bank, and they will at all times rank at par among themselves and with all other unsecured obligations of the bank.
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