India, Aug. 14 -- IDFC FIRST Bank is pleased to announce that S&P Global Ratings has assigned the Bank its inaugural international investment-grade issuer credit ratings of 'BBB-' long-term and 'A-3' short-term, with a Stable Outlook.

Commenting on the rating, Mr. Sudhanshu Jain - Chief Financial Officer & Head Corporate Centre, said, "We are delighted to receive our first international investment grade Rating from S&P with a Stable Outlook.

We view this rating as an important milestone in our progress. The investment-grade rating is expected to enhance the Bank's standing with global investors and financial institutions, support access to international funding markets, facilitate Standby Letter of Credit (SBLC) lines, strengthen foreig...