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Niva Bupa Health Insurance secures IND AAA/Stable rating for Rs 500 crore subordinated debt issuance

(15-Oct-26   18:02)

Niva Bupa Health Insurance Company Ltd announced that India Ratings and Research Private Limited (“India Ratings”) has assigned a rating of IND AAA/Stable with Outlook/Watch to the Company’s proposed sub-debt of Rs 500.00 crores to be raised through the issuance of listed, rated, unsecured, subordinated, redeemable, non-convertible debentures (NCDs), with the instrument type being subordinated debt and the size of the issue being Rs 500.00 crores, representing an assignment of the rating, and no enhancements, assignments, or withdrawals were noted by any other rating agencies.