Punjab National Bank gets affirmation in ratings

From Moody's

Punjab National Bank announced that Moody's has affirmed Bank's local and foreign currency bank deposit rating at Baa3/ Prime -3. Moody's has also reaffirmed the bank's foreign currency issuer rating at Baa3. At the same time, Moody's has affirmed the bank's Baseline Credit Assessment (BCA) and Adjusted BCA at ba3. Moody's affirmed the bank's Counter Party Risk Assessment (CRA) at Baa3 (cr)/ Prime-3 (cr).

The outlook, where applicable, has been changed to Stable from Positive.

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