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ICRA assigns and affirms rating of PNB Gilts' credit facilities

The rating reaffirmation continues to factor in PNB Gilts Limited’s strong parentage in the form of Punjab National Bank.

January 05, 2022 3:44 IST | India Infoline News Service
PNB Gilts
PNB Gilts Limited has informed to the exchanges regarding assignment and affirmation of credit rating of the company by ICRA Limited.

ICRA has assigned 'ICRA A 1+' rating to the Company's Inter-corporate deposit programme of Rs1000cr while it has afirmed 'ICRA A1+' rating to the Company's Commercial Papers programme of Rs1000cr.

The rating reaffirmation continues to factor in PNB Gilts Limited’s strong parentage in the form of Punjab National Bank.

At around 3:43 PM, PNB Gilts ended at Rs68.60 per piece up by Rs1.45 or 2.16% from its previous closing of Rs67.15 per piece on the BSE.

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