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Punjab & Sind Bank receives credit rating upgrades and assignments from three agencies

(06-Oct-26   17:52)

Punjab & Sind Bank announced credit rating actions across several instruments from India Ratings, CARE Ratings, and India Ratings and Research. India Ratings upgraded the rating on Tier II Bonds amounting to 500 Crore to BWR A+ with a Stable outlook, while reaffirming the IND AA/Stable rating for Infrastructure Bonds totaling Rs 3000 crore and affirmed the IND AA/Stable rating for Infrastructure bonds amounting to 30,000, referencing the ISIN annexure; CARE Ratings assigned an initial rating of CARE A; Stable to Commercial Paper (CP) of 100 Crore; and India Ratings and Research Private Limited provided a rating for an unspecified instrument, amount, rating, action, and notes, with limited information available.