Punjab National Bank gets credit rating migrated

Rated by ICRA

ICRA has discontinued the medium-term rating scale which was being used to assign ratings to the fixed deposit programmes of entities. Accordingly, ICRA has migrated the rating currently outstanding for the Fixed Deposits Programme of Punjab National Bank from the medium-term rating scale to the long-term rating scale. Henceforth, the Fixed Deposits Programme stands migrated to [ICRA] AA+ (Stable) from MAAA (Stable).

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