Allahabad Bank gets downgrade in ratings for Tier 2 and AT 1 Bonds

From Brickwork Ratings

Allahabad Bank announced that Brickwork Ratings has reviewed the existing rating on the bonds of the bank as under -

Rs 1500 crore Basel III compliant Tier 2 Bonds - BWR AA-/Stable (downgraded)

Rs 1000 crore Basel III compliant Additional Tier 1 Bonds - BWR A-/ Stable (downgraded)

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