From Brickwork Ratings
Bank of India announced the Brickwork Ratings has revised the ratings on the following Bank of India Bonds -Innovative Perpetual Debt Instruments (Rs 725 crore) - BWR AA+ to BWR AA (Stable) downgrade
Tier II Bonds (Basel III Compliant) (Rs 5500 crore) - BWR AA+ to BWR AA (Stable) downgrade
Additonal Tier I Bonds (Basel III Compliant) (Rs 5500 crore) - BWR AA- to BWR A+ (Stable) downgrade.
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