India Ratings assigns Punjab National Bank's New AT1 Bonds 'IND AA+'/Stable, affirms Existing Ratings

India Ratings and Research (Ind-Ra) has affirmed Punjab National Bank's (PNB) Long-Term Issuer Rating at 'IND AAA' with a Stable Outlook and Short-Term Issuer Rating at 'IND A1+'. The agency has also assigned PNB's new additional Tier 1 (AT1) bonds a rating of 'IND AA+' with a Stable Outlook.

Shares of Punjab National Bank was last trading in BSE at Rs. 36.85 as compared to the previous close of Rs. 38.00. The total number of shares traded during the day was 4607491 in over 17106 trades.

The stock hit an intraday high of Rs. 38.20 and intraday low of 36.30. The net turnover during the day was Rs. 171016731.00.

Source : Equity Bulls

Keywords

PunjabNationalBank INE160A01022 PNB RatingUpdate