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DCB Bank gains 1% after CRISIL upgrades credit rating

31 December, 2018 9:08 AM
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DCB Bank gains 1% after CRISIL upgrades credit rating

CRISIL reaffirmed A1+ rating on the short term fixed deposit programme as well as Rs 2,000 crore certificates of deposit programme of the bank.

DCB Bank advanced a percent on Monday after CRISIL upgraded its credit rating to AA-/Stable from A+/Stable for the Basel III Complaint Tier II bonds programme of Rs 150 crore by the bank.

The rating agency reaffirmed A1+ rating on the short term fixed deposit programme as well as Rs 2,000 crore certificates of deposit programme of the bank.

Meanwhile, ICRA reaffirmed its credit rating A+ (hyb) (stable) with stable outlook for the bank's Basel III Compliant Tier II bonds programme of Rs 550 crore, and reaffirmed A1+ rating on the short term fixed deposit programme of the bank.

Source: moneycontrol.com

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