S&P Assigns Investment Grade Rating to ICICI Bank Dollar Bond

New Delhi: Global rating agency Standard & Poor's (S&P) on Monday assigned investment grade rating (BBB-) to a proposed issue of dollar-denominated bonds of ICICI Bank, India's largest private sector lender. The bank proposes to raise dollar-denominated senior unsecured notes under its $7.5 billion Global Medium-Term Note (GMTN) programme. The 'BBB' rating reflects adequate capacity to meet financial commitments. The proposed note...