From Standard & Poor's
Indian Overseas Bank announced that Standard & Poor's has revised its ratings on the Bank, as follows -Standalone Credit Profile (SACR) has been revised to 'BB' from 'BB+'.
Issue Credit Rating has been revised to BB+/B from BBB-/A-3.
Bank's senior debt has been revised to BB+ from BBB-.
The outlook has been revised to Stable from Negative.
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