Bank Of India has informed the Exchange regarding 'Credit rating of Tier II Bonds by Brickwork Ratings'.
BANKINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bank of India has informed exchanges that Brickwork Ratings has reaffirmed its credit rating on the bank's Basel III compliant Tier II Bonds at BWR AA+ with a Stable outlook. The rating covers Tier II bonds aggregating to Rs. 3,000 Crores. The rating action is a 'Reaffirm' dated 16 May 2025, with the rating valid until 15 May 2026. According to Brickwork, instruments with this rating carry a high level of safety regarding timely servicing of financial obligations and very low credit risk.
The reaffirmation of the AA+ rating with Stable outlook signals sustained creditworthiness and stability for Bank of India's Tier II bonds. There is no change to the rating, so existing bondholders and investors can view this as continuity rather than a catalyst for price movement.