Lakshmi Vilas Bank gets revision in ratings for Tier II Bonds

From CARE

Lakshmi Vilas Bank announced that CARE has revised the rating from 'CARE BBB+' (Triple B Plus); Outlook: Negative to 'CARE BBB' (Triple B; Outlook: Negative) for Unsecured Redeemable Non-Convertible Subordinated Lower Tier II Bonds - Series VII (Option B), VIII , IX, X of Rs. 50.50 crore, Rs. 78.10 crore, Rs. 140.10 crore and Rs.100 crore respectively.

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