Moody’s Rating Agency has upgraded Punjab National Bank’s Baseline Credit Assessment (BCA) and Adjusted Baseline Credit Assessment (BCA). The upgrade reflects the adoption of a new methodology for bank ratings globally. Key rating changes include a Stable Outlook, Baa3/P-3 for Counterparty Risk Rating and Bank Deposits, and ba1 for Baseline Credit Assessment.
Moody’s Rating Upgrade
Punjab National Bank (PNB) has received an upgrade in its ratings from Moody’s Rating Agency. The upgrade impacts both the Baseline Credit Assessment (BCA) and the Adjusted Baseline Credit Assessment (BCA). This revision follows the adoption of a new methodology for rating banks on a global scale.
Revised Ratings Details
The revised ratings across key categories are as follows:
- Outlook: Stable
- Counterparty Risk Rating: Baa3/P-3
- Bank Deposits: Baa3/P-3
- Baseline Credit Assessment: ba1
- Adjusted Baseline Credit Assessment: ba1
- Counterparty Risk Assessment: Baa3(cr)/P-3(cr)
- Issuer Rating: Baa3
Source: BSE