Brickwork Ratings updates on credit rating of PNB

Brickwork Ratings has assigned / reaffirmed the BWR AA+ /Stable rating for Basel III Tier II Bonds, Upper Tier II Bonds and the Innovative Perpetual Debt Instrument; reaffirmed the BWR AA/Stable rating for Basel III Additional Tier I Bonds and has withdrawn the rating of the Innovative Perpetual Debt Instrument of Rs 200 Crores of Bank. The Credit Watch with Developing Implications has been removed.

Shares of PUNJAB NATIONAL BANK was last trading in BSE at Rs.27.65 as compared to the previous close of Rs. 28.15. The total number of shares traded during the day was 1184532 in over 3434 trades.

The stock hit an intraday high of Rs. 28.55 and intraday low of 27.6. The net turnover during the day was Rs. 33241753.

Source : Equity Bulls

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