ICRA reaffirms UTI's subordinate bond programme

ICRA on Friday reaffirmed 'LAA+' rating with positive outlook to the outstanding subordinate bond programme of UTI Bank.

By PTI | Jul 14, 2006, 02.40 PM IST

NEW DELHI: Credit rating agency ICRA on Friday reaffirmed 'LAA+' rating with positive outlook to the outstanding subordinate bond programme of UTI Bank.

The rating indicates high credit-quality and the rated instrument carries low credit risk, the agency said in a release.

The rating agency has also reaffirmed the 'A1+' to the Rs 2,500 crore certificate of deposit programme of the bank indicating highest quality.

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