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CORPORATION BANK - Revision in Ratings
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21 Apr 2014
Corporation Bank has informed BSE that CRISIL has reviewed the credit ratings in respect of the Bonds of the Bank and reaffirmed the &quot;CRISIL AAA&quot; rating In respect of Lower Tier-ll Bonds (under Basel II), revising the outlook to &quot;Negative&quot; from &quot;Stable&quot;, and downgraded its rating on the Bank&apos;s Tier-I Perpetual Bonds and Upper Tier-II Bonds (both under Basel II) to &quot;CRISIL AA+/Negative&quot; from &quot;CRISIL AAA/Stable&quot;. The ratings on the Banks Fixed Deposit Programme and Certificate of Deposit Programme have been re-affirmed at &quot;FAAA/Stable&quot; and &quot;CRISIL A1+&quot;, respectively.
View all announcements for CORPORATION BANK Source: BSE India