Punjab National Bank gets revision in credit ratings

From CARE

Punjab National Bank announced that CARE has updated rating of bonds as under -

Infrastructure Bonds (Rs 5000 cr) - CARE AA / Outlook Negative (Revised from CARE AA+)

Basel III Compliant Tier II Bonds (Rs 2000 cr) - CARE AA / Outlook Negative (Revised from CARE AA+)

Perpetual Bonds (Rs 2163 cr) - CARE AA- / Outlook Negative (Revised from CARE AA)

Upper Tier II Bonds (Rs 9000 cr) - CARE AA-/ Outlook Negative (Revised from CARE AA)

Basel III Compliant Tier I Bonds (Rs 1500 cr) - CARE A+/ Outlook Negative (Revised from CARE AA-)

Certificate of deposits (Rs 60000 cr) - CARE A1+ (Revised from CARE A1+)

 

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