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Indian Overseas Bank gets reaffirmation in credit ratings

Capital Market 

From CRISIL

announced that CRISIL has assigned its rating of 'CRISIL A+/Stable' for the proposed issue of Rs. 300 crore Tier II Bonds (under Basel III) and reaffirmed the rating on the following Instruments of the Bank:

Tier II Bonds (under Basel III Rs 800 crore) - CRISIL A+/Stable (Reaffirmed)

Lower Tier II Bonds (under Basel II Rs 1590 crore) - CRISIL A+/ Stable (Reaffirmed)

Perpetual Tier I Bonds (under Basel II Rs 300 crore) - CRISIL A-/Stable (Reaffirmed)

Upper Tier II Bonds (under Basel II Rs 2132 crore) - CRISIL A-/Stable (Reaffirmed)

Fixed Deposit programme (Rs 200000 crore) - CRISIL FAA/Stable (Reaffirmed)

Certificate of Deposits Programme - CRISIL A1+ (Reaffirmed)

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

First Published: Tue, October 09 2018. 17:58 IST
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