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Ratings agencies place Punjab National Bank under review.

Global Banking News-February 20, 2018--Ratings agencies place Punjab National Bank under review

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Global Banking News - 20 February 2018

After Fitch Ratings, Moody's Investor Services has placed Punjab National Bank under review following a mega scam at the bank.

Moody's Investor Services has placed the bank under review for downgrade. The agency has a Baa3/P-3 rating on the Delhi-based lender and it has a Baa3 rating on its foreign currency issuer rating. The bank overall has a Baa2 rating with a stable outlook.

The agency has also placed the bank's baseline credit assessment (BCA) and adjusted BCA of Ba3 and the counterparty risk assessment (CRA) rating of Baa3(cr)/P-3(cr) under review for downgrade.

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Publication:Global Banking News (GBN)
Date:Feb 20, 2018
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