Punjab National Bank has informed that Fitch Ratings vide its rating action dated 22.11.2021 has affirmed PNB's 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' and has assigned the Bank a Government Support Rating (GSR) of ‘bbb-`, which drives the IDR. Fitch Ratings has withdrawn Support Rating and Support Rating as per its updated Bank Rating Criteria. This is in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.