Oriental Bank of Commerce gets revision in credit ratings

From ICRA

Oriental Bank of Commerce announced that its has received revision in credit ratings from ICRA as under -

Upper Tier II Bonds Basel II (Rs 500 crore) - ICRA A+ (Revised from ICRA AA-)

Lower Tier II Bonds Basel II (Rs 1200 crore) - ICRA AA- (Revised from ICRA AA)

Basel III Compliant Tier II Bonds (Rs 3000 crore) - ICRA AA- (hyb) (Revised from ICRA AA (hyb))

Basel III Compliant Additional Tier I Bonds (Rs 2000 crore) - ICRA A (hyb) (Revised from ICRA A+ (hyb))

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