Punjab National Bank has reaffirmed its rating of 'CRISIL AA+/CRISIL AA/Stable/CRISIL A1+' ratings on Tier II Bonds (under Basel III) & Lower Tier II Bonds (Under Basel II), Perpetual Tier I Bonds (Under Basel II), Tier I Bonds (Under Basel III), Infrastructure Bonds and Certificate of Deposits. The Bank's proposed new Additional Tier 1 (AT1) Bonds have been assigned 'CRISIL AA', with a Stable outlook.
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