From India Ratings and Research
Punjab National Bank has received upgrade in credit ratings from India Ratings and Research as follows -Basel III Tier 2 Bonds (Rs 9500 crore) - IND AAA/ Stable (Upgrade from IND AA+; off Rating Watch Evolving)
Additional Tier I Bonds (Rs 6750 crore) - IND AA/ Stable (Upgrade from IND A; off Rating Watch Evolving)
Senior Infrastructure Bonds (Rs 2000 crore) - IND AAA/ Stable (Upgrade from IND AA+; off Rating Watch Evolving)
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