Lakshmi Vilas Bank gets revision in ratings for Tier II Bonds

From Brickwork Ratings

Lakshmi Vilas Bank announced that Brickwork Ratings India has revised the rating from "BWR BBB -" (Credit Watch with Developing Implications) to "BWR BB+" (Credit Watch with Developing Implications) for the bank's Unsecured Redeemable Non-Convertible Subordinated Lower Tier II Bonds - Series VII (Option B), of Rs.50.50 crore.

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