Regulatory Disclosure Details

Credit Rating Assignment

S&P Global Ratings has assigned the following inaugural international issuer credit ratings to Federal Bank:

| Rating Type | Rating | Outlook |

| Long-Term Issuer Credit Rating | BBB- | Stable |

| Short-Term Issuer Credit Rating | A-3 | N/A |

| Rating Type | First-Time Assignment (New Rating) | N/A |

Significance of Rating

The BBB- long-term issuer credit rating places Federal Bank in the global investment-grade category, marking an important milestone in the Bank's evolution. This is the first international issuer credit rating assigned to the Bank by S&P Global Ratings.

Rating Rationale

The rating reflects an independent assessment of Federal Bank's credit profile and underscores:

  • Strength of its franchise
  • Disciplined risk management
  • Sound capitalisation
  • Diversified funding profile
  • Liquidity position
  • Consistent financial performance

Bank's Progress Highlights

The disclosure notes that as one of India's leading private sector banks, Federal Bank has:

  • Strengthened its balance sheet over the years
  • Enhanced the quality of its liabilities
  • Maintained healthy capital buffers
  • Improved profitability
  • Continued to invest in technology and customer experience

The investment-grade rating reflects the progress the Bank has made in building a resilient and sustainable banking franchise.

Expected Impact

The rating is expected to:

  • Further strengthen Federal Bank's visibility among global investors
  • Enhance visibility among international financial institutions
  • Reinforce confidence among customers, counterparties and other stakeholders

Management Commentary

Mr. KVS Manian, Managing Director & CEO, Federal Bank, commented:

  • Described the rating as "an important milestone for Federal Bank"
  • Stated it reflects the strength of the bank's franchise and resilience of its business model
  • Highlighted the disciplined approach adopted towards growth, risk management and governance
  • Noted this recognition comes at a defining phase in the Bank's journey
  • Committed to building a future-ready institution with focus on customer excellence, sustainable growth and long-term value creation
  • Reaffirmed commitment to maintaining strong financial fundamentals while pursuing growth opportunities across chosen segments

Additional Information

The press release dated July 09, 2026 issued by S&P is attached to the disclosure. This disclosure is also being uploaded on the Bank's website at www.federal.bank.in.