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CRISIL reaffirms ‘A1+’ rating on PNB Gilts’ Commercial paper programme

03 Mar 2020 Evaluate

The credit rating agency, CRISIL has reaffirmed credit rating of ‘A1+’ assigned to PNB Gilts’ Commercial paper programme worth Rs 500 crore. The prescribed rating is valid for 60 calendar days from the date of the letter.

PNB Gilts a renowned and preferred name in the Indian debt market was one of the first entities to be granted the Primary Dealership License by the Reserve Bank of India. The company is also a subsidiary of one of the largest Indian commercial banks, Punjab National Bank.

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