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Allahabad Bank gets downward revision in ratings for Tier 2 bonds

Capital Market 

From Ratings and Research

Bank announced that Ratings and Research has revised the downward the rating of Bank's outstanding Basel-III compliant Tier 2 Bonds as detailed below -

Rs 1000crore Basel III compliant Tier 2 Bonds Series III - IND AA-; Negative (Revised from IND AA; Stable)

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, December 08 2018. 11:31 IST
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