Credit rating agency, CRISIL has revised the ratings assigned to Tier I and Tier II Bonds of Allahabad Bank. The agency has revised the rating for Subordinated Debt Lower Tier II Bonds Series V to Series IX aggregating to Rs 2,411.90 crore to ‘AA+/Negative’.
Besides, the rating for Upper Tier II Bonds Series I & Series II aggregating to Rs 1,000.00 crore has been revised to ‘AA/Negative’. Further, the rating agency has revised the rating to ‘AA/Negative’ for IPDI Series I & II aggregating to Rs 300 crore.
