ICICI Bank Ltd. has announced reaffirmations and withdrawals of ratings across various instruments from multiple agencies, including CARE Ratings Ltd. and ICRA. CARE Ratings reaffirmed ratings on Tier I Bonds at CARE AA+; Stable, Tier II Bonds at CARE AAA; Stable, Infrastructure Bonds at CARE AAA; Stable, and Certificate of Deposit at CARE A1+, while withdrawing ratings for Long-Term Instruments, Lower Tier II Bonds, and other instruments. Additionally, CARE Ratings reaffirmed ratings on Basel-III compliant Additional Tier-I bonds, noting potential for coupon cancellation and write-down/conversion, and highlighted potential rating migration for Subordinated Debt Instruments. ICRA reaffirmed ratings on Facilities/Instruments, and CARE Ratings reaffirmed various debt instruments, factoring in ICICI Bank’s position as a leading private sector bank and its support for subsidiaries, alongside reaffirming ratings for Commercial Papers, Corporate Bonds, Debentures, and Structured Credit.