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