From India Ratings and Moody's
Syndicate Bank has received revision in credit ratings from credit ratings agencies as under -India Ratings has reaffirmed the rating of Additional Tier I bonds of the Bank at AA and Tier II bonds at AA+ while revising the outlook from 'Stable' to 'Negative'.
Moody's has affirmed the Bank's local and foreign currency bank deposit ratings at Baa3/Prime-3. Moody has also affirmed senior unsecured medium term note (MTN) program at (P)Baa3 and senior unsecured debt rating at Baa3. The outlook wherever applicable has been changed from 'Positive' to 'Stable'
Powered by Capital Market - Live News