CRISIL upgrades rating of Tier I, II bonds issued by Central Bank of India

Mumbai Based Central Bank of India announced on Friday that CRISIL has revised its ratings of the Tier I and Tier II bonds issued by the PSU.

Mumbai Based Central Bank of India announced on Friday that CRISIL has revised its ratings of the Tier I and Tier II bonds issued by the PSU.

CRISIL, a subsidiary of American company S&P Global. is an analytical company providing ratings, research, and risk and policy advisory services.

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The bank announced through a BSE regulatory filing. “Pursuant to Regulation 84 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015, this is to inform that CRISIL Ratings has reaffirmed its rating on Long-term debt instruments of the Bank as under:

  1. Lower Tier II Bonds (Under Basel 11) -Credit Rating reaffirmed to A+/Stable
  2. Upper Tier II Bonds (Under Basel 11) -Credit Rating reaffirmed to A/Stable
  3. Tier ll Bonds (Under Basel Ill) -Credit Rating reaffirmed to A+/Stable
  4. Perpetual Tier I Bonds (Under Basel 11) -Credit Rating reaffirmed to A/Stable”