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Indian Bank receives revision in credit ratings from India Ratings

Capital Market 

Indian Bank has received revision in credit ratings from India Ratings and Research for the Bank's outstanding Tier 2 Bonds, issued by erstwhile Allahabad Bank (e-AB).

Tier 2 Bonds (Basel III) INE428A08051 Rs 1000 crore - IND AA+/Stable (Reaffirmed and removed from Rating Watch)

Tier 2 Bonds (Basel III) INE428A08101 Rs 1500 crore - IND AA+/Stable (Reaffirmed and removed from Rating Watch)

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

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First Published: Thu, October 15 2020. 16:01 IST