Corporation Bank gets revision in credit ratings

FRom CARE

Corporation Bank announced that CARE has revised the credit rating of the Bank's Debt as follows -

Rs 500 crore Lower Tier II Bonds (Under Basel II) - CARE AA-/ Negative (outlook revised from Stable)

Rs 2850 crore Upper Tier II Bonds (Under Basel II) - CARE A+/ Negative (outlook revised from Stable)

Rs 737.5 crore Perpetual Bonds (Under Basel II) - CARE A+/ Negative (outlook revised from Stable)

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