CRISIL assigns/re-affirs UCO Bank Rating for bonds issue

CRISIL Ltd has enhanced the rated amount of UCO Bank's Certificate of Deposit Programme (CD Programme) as follows:

Rs 60 Billion Certificate of Deposit Programme: P1+
(Enhanced from Rs 50 Billion)
Rs 2.5 Billion Tier I Perpetual Debt Issue: AA/Stable(Reaffirmed)

Rs 2.0 Billion Tier I Perpetual Debt Issue: AA/Stable(Reaffirmed)

Rs 5.0 Billion Upper Tier II Bond Issue: AA/Stable(Reaffirmed)

Rs 3.0 Billion Upper Tier II Bond issue: AA/Stable(Reaffirmed)

Rs 3.0 Billion Lower Tier II Bond Issue: AA/Stable(Reaffirmed)

Rs 2.5 Billion Lower Tier II Bond Issue: AA/Stable(Reaffirmed)

Rs 1.5 Billion Lower Tier II Bond Issue: AA/Stable(Reaffirmed)

Source : Equity Bulls

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