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Credit Analysis & Research (CARE) has downgraded the rating of Punjab & Sind Bank to AA from AA+ for Rs 8.75 billion Lower Tier II Bonds.
CRISIL has downgraded its rating on Punjab & Sind Bank`s (P&SB) Lower Tier-II Bonds to `AA/Stable` from `AA+/Stable`.
ICRA has revised the long term rating outstanding on the Rs 13.65 billion lower tier 2 bonds of Punjab and Sind Bank (P&SB) to AA from AA+.
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