Fitch confirms ratings of three Kerala based private banks

Kochi: Fitch Ratings has affirmed the National Long-Term ratings of three Kerala-Based private sector banks. Federal Bank Limited (FBL) has been affirmed at ‘Fitch AA-(ind)’, South Indian Bank (SIB) at ‘Fitch A+(ind)’, and Dhanlaxmi Bank (Dhanlaxmi) at ‘Fitch BBB-(ind)’. The Outlooks on the National Long-Term ratings of FBL and SIB are Stable. Dhanlaxmi’s ratings remain on Rating Watch Negative (RWN). Fitch Ratings is a global rating agency dedicated to providing value beyond the rating through objective and balanced credit opinions, research and data.

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