Corporation Bank gets revision in credit ratings
From Brickwork Ratings India
Corporation Bank announced that Brickwork Ratings India has assigned the credit ratings for the Bank's debt instruments as under -Proposed fresh issue of Basel III compliant AT-1 Bonds (Rs 1000 crore) - BWR A+
Upper Tier II Bonds (Rs 500 crore) - BWR AA; Negative (Revised from BWR AA+; Negative)
Perpetual Tier I Bonds (Rs 300 crore) - BWR AA; Negative (Revised from BWR AA+; Negative)
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