CARE assigns AA+ Rating for Allahabad Bank Tier II Bonds

Allahabad Bank has announced that Credit Analysis & Research Ltd (CARE) vide their letter dated August 11, 2007 has retained the "CARE AA+" [Double A plus] rating assigned to the outstanding Tier II Bonds (Series IV, V & VI) of Rs 1261.90 crores of the Bank.

Source : Equity Bulls

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