Crisil revises outlook for PNB bonds to 'negative'

Crisil Ratings has revised outlook for public lender Punjab National Bank's various bond programmes aggregating Rs 19,223 crore to 'negative'.

PTI| Last Updated: Apr 07, 2016, 20:00 PM IST

New Delhi: Crisil Ratings has revised outlook for public lender Punjab National Bank's various bond programmes aggregating Rs 19,223 crore to 'negative'.

"Crisil Ratings has reaffirmed the credit rating and revised outlook for the bank's capital bonds," the bank said in a BSE filing.

All the bond programmes bearing Crisil AAA rating have been lowered to negative outlook from stable earlier, it said.

The papers include Rs 5,000 crore infrastructure bonds, Rs 3,500 crore tier-II bonds under Basel-III, Rs 2,663 crore tier-I perpetual bonds.

The stock closed almost flat at Rs 80.90 on BSE today.