Indian Overseas Bank upgraded to AA+ by India Ratings — 05 Oct 2026
Indian Overseas Bank was upgraded by India Ratings on 2026-10-05, moving the rating from AA to AA+ with a Stable outlook. 2 bonds on file are tied to this entity, 1 other rating action on record between 2026-06-25 and 2026-06-25.
As filed with NSE: “Upgrade, AA+ (earlier AA)”
| Entity (company that filed) | Indian Overseas Bank · issuer page |
| Action | Upgrade |
| Previous rating | AA |
| New rating | AA+ |
| Outlook | Stable |
| Action date | 2026-10-05 |
| Agency | India Ratings |
| Source | The company’s credit rating disclosure to NSE ↗ (SEBI LODR Reg 52(4)). The action type is as the company reported it. |
| Bond | Coupon | Maturity |
|---|---|---|
| Indian Overseas Bank 9.08% Sep 2029 NCD | 9.08% | 2029-09-24 |
| Indian Overseas Bank 8.60% Mar 2032 NCD | 8.60% | 2032-03-31 |
| Date | Agency | Action | Rating |
|---|---|---|---|
| 2026-06-25 | CRISIL | Upgrade | AAA |
About this page: This page restates a rating action by India Ratings, a SEBI-registered credit rating agency, as the company disclosed it to NSE under SEBI LODR Reg 52(4); the action type and ratings are as filed. The rating and any outlook are the agency's opinion, not RetailBonds.in's, and nothing here is investment advice or a view on what the action means for any investor. Refer to the agency's own rationale document for the full reasoning. See our methodology and full disclaimer.