Moody’s Sees Limited Leverage Impact for Fairfax in IDBI Bank Takeover
Moody’s expects Fairfax Financial Holdings’ planned majority acquisition of IDBI Bank to have only a limited effect on the Canadian investor’s leverage, underscoring the group’s financial flexibility as it expands in India. The transaction, aimed at deepening Fairfax’s exposure to India’s banking market, comes as IDBI Bank has strengthened profitability since 2021 under improved management and operating discipline.
