Investors should keep an eye on Federal Bank's stock in the upcoming trading session. The bank announced that CRISIL Ratings has maintained its short-term rating while upgrading the long-term fixed deposit rating.

The announcement came after market hours on Friday, following a limited rise in stock prices for the day.

In detail, CRISIL confirmed its short-term fixed deposit rating at CRISIL A1+ and maintained the same for ₹15,000 crore worth of certificates of deposits.

Meanwhile, the long-term rating for ₹1 lakh crore in fixed deposits was upgraded from CRISIL AA+ Positive to CRISIL AAA Stable.

also upgraded the ratings for two other entities: Fedbank Financial Services and Yuken India. Yuken India reported that CARE Ratings has upgraded its long-term bank facility rating to CARE BBB+ Stable while keeping the short-term bank facility rating at CARE A3+.

Fedbank Financial Services shared that its credit rating for non-convertible debentures has been upgraded, although its commercial paper rating remains unchanged.

Notably, Federal Bank

Limited holds a 61% stake in Fedbank Financial Services, as per the figures at the end of June.