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<a href="http://www.accessmylibrary.com/article-1G1-284871694/icra-lowers-bond-rating.html" title="Facts and information about ICRA lowers bond rating of Central Bank.">ICRA lowers bond rating of Central Bank.</a>
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ICRA lowers bond rating of Central Bank.
Byline: Our Bureau
Rating agency ICRA has revised the rating of Central Bank of India's Lower Tier II bonds programme to a[ICRA] AA' from a[ICRA] AA+' .
ICRA has also revised the ratings of the bank's Upper Tier II bonds to a[ICRA] AA-' with stable outlook from a[ICRA] AA'.
The rating revision reflects Central Bank of India's weaker profitability, asset quality and solvency metrics compared to peer banks rated at similar level. The asset quality …
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