Union Bank of India gets revision in credit ratings

From CARE Ratings

Union Bank of India announced that CARE Ratings has revised the ratings as under -

Basel III compliant Perpetual Bond - CARE AA-/Stable (Revised from CARE AA/Negative)

Basel II compliant Upper Tier II Bonds - CARE AA/Stable (Revised from CARE AA+/Negative)

Basel II compliant Lower Tier II Bonds - CARE AA+/ Stable (Revised from CARE AAA/ Negative)

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