PUNJAB & SIND BANK LTD: FITCH ASSIGNS BBB- LT IDR WITH STABLE OUTLOOK

• Fitch Ratings assigned Punjab & Sind Bank a Long-Term Issuer Default Rating (IDR) of 'BBB-' with a Stable Outlook. • Short-Term IDR: F3; Viability Rating (VR): bb; Government Support Rating (GSR): bbb-. • The ratings reflect the high probability of extraordinary state support for the bank, given the state's 94% ownership and the government's record of supporting state-owned banks. • The stable outlook mirrors that on India's sovereign rating. Impact: Ratings provide an assessment of the bank's creditworthiness.

Punjab & Sind Bank

Open attachment

← Back to feed