ICRA Limited, a prominent credit rating agency, has reaffirmed its ICRA AA+ ratings with a stable outlook on Bank of Maharashtra 's securities worth Rs 11,500 crore. This rating action, announced on July 24, 2025, covers a range of debt instruments issued by the bank, including Basel III Tier II Bonds and Long Term Infrastructure Bonds.

Rating Details

The reaffirmation applies to the following securities:

Rating Withdrawal

It's worth noting that ICRA has withdrawn its rating for one Basel III Tier II Bond with an 8.70% coupon rate. The reason for this withdrawal was not specified in the announcement.

Implications of the Rating

The reaffirmation of the ICRA AA+ rating with a stable outlook indicates ICRA's continued confidence in Bank of Maharashtra's creditworthiness for these debt instruments. This rating suggests that the instruments carry very low credit risk and are considered to have a high degree of safety regarding timely servicing of financial obligations.

Regulatory Compliance

Bank of Maharashtra disclosed this information in compliance with Regulation 55 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank's Company Secretary, Vishal Sethia, signed the official communication to the stock exchanges.

This rating reaffirmation may positively impact investor confidence in Bank of Maharashtra's debt instruments and overall financial stability. It reflects the rating agency's assessment of the bank's strong capacity to meet its financial commitments on these securities.

ICRA Limited has reaffirmed its 'ICRA AA+' ratings with a stable outlook on Bank of Maharashtra 's debt securities worth Rs 11,500 crore, underscoring the bank's strong creditworthiness. The rating action covers a range of debt instruments including Basel III Tier II Bonds and Long Term Infrastructure Bonds.

Rating Details

The reaffirmed ratings apply to the following securities:

Rating Withdrawal

It's worth noting that ICRA has withdrawn its rating for one Basel III Tier II Bond with an 8.70% coupon rate. The reason for this withdrawal was not specified in the available information.

Implications of the Rating Action

The reaffirmation of the 'AA+' rating with a stable outlook indicates ICRA's continued confidence in Bank of Maharashtra's ability to honor its debt obligations. This rating suggests very low credit risk and a high degree of safety regarding timely servicing of financial obligations.

For investors and stakeholders, this rating action provides assurance about the bank's financial stability and its capacity to meet its debt commitments, even under challenging economic conditions.

Disclosure Compliance

Bank of Maharashtra disclosed this information in compliance with Regulation 55 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank's prompt disclosure of this rating action demonstrates its commitment to transparency and regulatory compliance.

The reaffirmation of these high ratings could potentially enhance Bank of Maharashtra's ability to raise capital in the future, should the need arise, and may positively influence investor perception of the bank's financial health.