Brickwork Ratings has reaffirmed the rating of
Punjab & Sind Bank bonds and revised the outlook from Stable to Negative.
The rating on long-term Rs237.30cr Basel Ill Tier II Bonds long-term has been reaffirmed at BWR AA and outlook revised to Negative from Stable. The rating on long-term Rs262.70cr Basel Ill Tier II Bonds has been withdrawn by Brickwork on non-utilisation.
Punjab & Sind Bank trade on Tuesday ended at Rs16.90 per piece up by Rs0.8 or 4.97% from its previous closing of Rs16.10 per piece on the BSE.
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