Corporation Bank - Updates on Revision in Ratings
08/07/2014 13:17
With reference to the earlier letter dated July 07, 2014 regarding Revision in Ratings by CARE, Corporation Bank has now informed BSE that the first para of the letter may kindly be read as follows :
CARE has reviewed the credit ratings and reaffirmed the "CARE AAA" rating assigned to Lower Tier II Bonds of the Bank. In respect of Upper Tier-II Bonds and Perpetual Bonds the rating has been revised one notch lower to "CARE AA+ from CARE AAA earlier."
08/07/2014 13:17
With reference to the earlier letter dated July 07, 2014 regarding Revision in Ratings by CARE, Corporation Bank has now informed BSE that the first para of the letter may kindly be read as follows :
CARE has reviewed the credit ratings and reaffirmed the "CARE AAA" rating assigned to Lower Tier II Bonds of the Bank. In respect of Upper Tier-II Bonds and Perpetual Bonds the rating has been revised one notch lower to "CARE AA+ from CARE AAA earlier."
