CORPORATION BANK - Revision in Ratings

Corporation Bank has informed BSE that CRISIL has reviewed the credit ratings in respect of the Bonds of the Bank and reaffirmed the "CRISIL AAA" rating In respect of Lower Tier-ll Bonds (under Basel II), revising the outlook to "Negative" from "Stable", and downgraded its rating on the Bank's Tier-I Perpetual Bonds and Upper Tier-II Bonds (both under Basel II) to "CRISIL AA+/Negative" from "CRISIL AAA/Stable". The ratings on the Banks Fixed Deposit Programme and Certificate of Deposit Programme have been re-affirmed at "FAAA/Stable" and "CRISIL A1+", respectively.