City Union Bank has announced an update to its Issuer Credit Rating following a review by CARE Ratings Limited on March 30, 2026. The rating committee reaffirmed the bank’s credit rating at CARE AA-. Importantly, the outlook associated with this rating has been revised from Stable to Positive, signaling strong confidence in the bank’s future stability and performance. This intimation was officially made on March 31, 2026.
Official Credit Rating Update
City Union Bank Limited has formally disclosed an important update regarding its creditworthiness, as mandated under listing requirements. The bank received communication concerning the review of its Issuer Rating conducted by CARE Ratings Limited.
Rating Details and Revision
The review, finalized by the Rating Committee on March 30, 2026, resulted in the following confirmation and revision:
- Type of Rating: Issuer Rating
- Rating Assigned: CARE AA –
- Rating Action: The rating was Reaffirmed, and the Outlook was revised from Stable to Positive.
This revision to a Positive Outlook suggests an expectation of continued improvement or sustained high performance from the bank over the foreseeable future, reflecting confidence in its operational strength and stability.
Regulatory Disclosure
This information is being disseminated to the stock exchanges, including the National Stock Exchange of India Ltd. and BSE Ltd., as required. The bank requests that this update be recorded and shared with all relevant stakeholders.
Source: BSE
