CRISIL A / Stable rating assigned to CSB Bank Ltd's Rs. 500 crore fund raising

CRISIL, vide letter dated June 3, 2021 has assigned 'CRISIL A / Stable' rating to the proposed Rs. 500 Crore Tier II, Basel III compliant bonds issue Programme of the Bank.

As per CRISIL ratings schedule, the instruments with rating symbol of 'CRISIL A /Stable' are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

The details of the bonds issue Programme will be announced in due course once the issue Programme has progressed further and materialised.

Source : Equity Bulls

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