ICICI Bank notes rating disclosures showed that Moody’s Ratings and S&P Global Ratings assigned ratings to the lender’s USD 300 million senior unsecured fixed-rate notes. ICICI Bank Limited informed the exchanges of the development in a BSE filing dated August 12, 2026.

The disclosure follows the bank’s August 6, 2026 announcement concerning the pricing of the notes. The securities are being issued under ICICI Bank’s USD 7.5 billion Global Medium Term Note Programme.

Moody’s and S&P assign ratings

According to the filing, the two rating agencies communicated their assessments through letters dated August 12, 2026. The ratings disclosed for the same notes are:

Rating agency Rating assigned
Moody’s Ratings Baa3
S&P Global Ratings BBB

The bank described the instruments as senior unsecured fixed-rate notes. Its latest filing deals specifically with the ratings assigned to those notes and does not disclose any revision to the USD 300 million issue size or the USD 7.5 billion programme mentioned in the earlier pricing disclosure.

US distribution restriction stated

ICICI Bank said the document was not for distribution in the United States and did not constitute an offer to sell or a solicitation to buy the notes. It stated that the referenced securities have not been, and will not be, registered under the US Securities Act of 1933 or US state securities laws.

The filing added that the securities may not be offered or sold in the United States except through an applicable exemption or a transaction not subject to registration requirements. It also said there was no intention to register the securities in the United States or conduct a public offering there.

The disclosure was signed by Company Secretary Prachiti Lalingkar and addressed to BSE Limited and the National Stock Exchange of India. Copies were also marked to the New York Stock Exchange, Singapore Stock Exchange, Japan Securities Dealers Association and SIX Swiss Exchange Ltd.

Source: BSE corporate announcement.