Punjab National Bank announced that India Ratings and Research vide its rating action dated 22 June 2022 has affirmed Bank's Long-Term Issuer Rating at 'IND AAA' with a Stable Outlook and Short-Term Issuer Rating at 'IND A1+'. Further, it has assigned Bank's fixed deposits 'IND AAA'/Stable and Certificate of Deposits (CDs) 'IND A1+'. The Bank's proposed new additional Tier 1 (AT1) bonds have been assigned 'IND AA+', with a Stable Outlook.
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