Credit rating agency -- Fitch ratings has affirmed Punjab National Bank's (PNB) Long-Term Issuer Default Rating (IDR) at 'BBB-', with a Negative Outlook. The agency has also affirmed the bank's Viability Rating (VR) at 'b', Support Rating Floor at 'BBB-' and Support Rating at '2'.
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.