From India Ratings
Punjab National Bank announced that India Ratings have updated the ratings of the Bank's bonds. The ratings actions are as follows -
Basel Ill Compliant Tier II Bonds (Rs 4,500 crore) - IND AA+/Negative (Affirmed)
Senior Infrastructure Bonds (Rs 2000 crore)- IND AA+/Negative (Affirmed)
Basel Ill Compliant Tier I Bonds (Rs 6750 crore) - IND A+/Negative (Downgraded)
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