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.

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”

TOPICS: Central Bank of India CRISIL