Corporation Bank gets revision in credit ratings

From CARE

Corporation Bank announced that CARE has reviewed the credit ratings of the bank's bonds as follows -

Lower Tier II Bonds Rs 500 crore -- CARE AA (Revised from CARE AA+)

Upper Tier II Bonds Rs 2850 crore -- CARE AA - ( Revised from CARE AA)

Perpetual Bonds (Basel II) Rs 737.50 crore - CARE AA - (Revised from CARE AA)

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