S&P Global Grants Federal Bank Its First International Investment-Grade Rating
The bank secured a long-term rating of 'BBB-' with a 'Stable' outlook, representing the lowest investment-grade tier, while obtaining an 'A-3' rating for short-term issuances.
This rating enhancement will allow the bank to raise foreign capital at reduced costs, access international debt markets, and facilitate smoother foreign currency non-resident bank FCNR(B) flows.
For banking aspirants, understanding credit ratings is crucial; this inaugural rating enhances Federal Bank's global fundraising capacity and visibility.
Key Facts / Static GK
Federal Bank HQ: Aluva, Kerala
Federal Bank Tagline: Your Perfect Banking Partner
Practice Quiz — 11 July 2026
Q1. What long-term and short-term ratings were assigned to Federal Bank in its inaugural credit rating by S&P Global?
Q2. According to the IMF's latest World Economic Outlook Update, what is the revised GDP growth forecast for India for FY27, and what was the main reason cited for the cut?
Q3. What are India's revised FY27 GDP growth and inflation forecasts respectively, as per the ADB India Economic Outlook released in July 2026?
Q4. Who launched the newly established Letter of Authorisation (LoA) Regime aimed at regulating sustainable deep-sea fishing in India?
Q5. Which Indonesian civilian honour was recently conferred on Prime Minister Narendra Modi by President Prabowo Subianto?
Keep Learning with PrepZen
Get daily current affairs, live mock tests, mistake bank, vocab builder & more — all free on your phone.