Indian Overseas Bank gets revision in credit ratings for AT1 Perpetual Bond Issues

From CARE

Indian Overseas Bank announced that CARE has revised its ratings for BASEL III Compliant Additional Tier I Perpetual Bond Issues (both for issued and proposed public issue).

BASEL III Compliant Additional Tier I Perpetual Bond Issue (Rs 1000 crore) - CARE BBB (Revised from CARE A-)

BASEL III Compliant Additional Tier I Perpetual Bond Issue (proposed public issue) (Rs 1000 crore) - CARE BBB (Revised from CARE A-)

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