Corporation Bank announces Revision in Ratings by CRISIL

Corporation Bank has announced that CRISIL has assessed and reaffirmed the following four instruments of the Bank as follows:

1. Name of the Instrument: Fixed Deposit Programme

Rating Reaffirmation: FAAA / Stable

Description: Very Strong degree of Safety with regard to timely payment of Interest and Principal.

2. Name of the Instrument: Rs 2 Billion lower Tier II Bond Issue

Rating Reaffirmation: AAA / Stable

Description: Highest degree of safety with regard to timely payment of Interest and Principal.

3. Name of the Instrument: Rs 3 Billion lower Tier II Bond Issue

Rating Reaffirmation: AAA / Stable

Description: Highest degree of safety with regard to timely payment of Interest & Principal

4. Name of the Instrument: Rs 15 Billion Certificate of Deposit Programme

Rating Reaffirmation: P1 plus

Description: Very strong degree of safety with regard to timely payment of Interest and Principal.

Source : Equity Bulls

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