Karur Vysya Bank has informed that with respect to Base III Tier II Bonds of the Bank, India Ratings & Research has affirmed the credit rating as IND A+, Stable. As per India Ratings & Research schedule:- IND A+: Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
The above information is a part of company’s filings submitted to BSE.