Bank of India has announced the reaffirmation and assignment of credit ratings for its Basel-III compliant Tier II Bonds and Long Term Infra Bonds. Care Ratings Ltd. has reaffirmed ratings of AA+ with a stable outlook for several series of bonds. Additionally, ratings have been assigned for new issuances of Tier II Bonds and Certificates of Deposit. The announcement was made on November 12, 2025.
Credit Ratings Update
Bank of India announced the status of credit ratings for its various bond offerings. The announcement was made on November 12, 2025, detailing actions taken by Care Ratings Ltd. for existing and new debt instruments.
Reaffirmed Ratings
The following instruments have had their AA+ ratings reaffirmed with a stable outlook:
- Tier II Bonds (INE084A08060)
- Tier II Bonds (INE084A08193)
- Infra Bonds (INE084A08185)
- Infra Bonds (INE084A08201)
- Infra Bonds (INE084A08219)
The reaffirmation indicates a continued assessment of the bank’s ability to meet its financial obligations related to these bonds.
New Ratings Assigned
Care Ratings Ltd. has also assigned ratings to the following new debt instruments:
- Tier II Bonds (New Issue): Rated AA+ with a stable outlook.
- Certificate of Deposit (New): Rated A1+.
The assignment of these ratings provides an initial assessment of the creditworthiness of these newly issued instruments.
Source: BSE
