Ind-Ra downgrades PNB's Rs 6,750 crore AT1 bonds
India Ratings and Research (Ind-Ra) has downgraded Punjab National Bank's additional tier I (AT1) perpetual bonds worth Rs 6,750 crore by one notch to A/negative outlook from A+/negative.
The rating of the AT1 bond signifies the weakness in the standalone operations of the bank, the release said.
India Ratings and Research (Ind-Ra) has downgraded Punjab National Bank's additional tier I (AT1) perpetual bonds worth Rs 6,750 crore by one notch to A/negative outlook from A+/negative.
The rating of the AT1 bond signifies the weakness in the standalone operations of the bank, the release said.