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Bank of India gets downgrade in credit ratings

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Capital Market
Last Updated : Mar 26 2018 | 12:50 PM IST

From Brickwork Ratings

Bank of India announced the Brickwork Ratings has revised the ratings on the following Bank of India Bonds -

Innovative Perpetual Debt Instruments (Rs 725 crore) - BWR AA+ to BWR AA (Stable) downgrade

Tier II Bonds (Basel III Compliant) (Rs 5500 crore) - BWR AA+ to BWR AA (Stable) downgrade

Additonal Tier I Bonds (Basel III Compliant) (Rs 5500 crore) - BWR AA- to BWR A+ (Stable) downgrade.

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First Published: Mar 26 2018 | 12:38 PM IST

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