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  • Revision in BIRCKWORK Rating Outlook For Bonds (Corp. Action)

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    Shyam Sunder
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    The document notifies that Credit Rating Agency Brickwork Ratings India Pvt. Ltd. has revised the rating outlook assigned to bonds issued by Bank of Baroda from "Negative" to "Stable". The agency revised the outlook on two tranches of upper tier II bonds issued by the bank totaling Rs. 3,000 crores from "Negative" to "Stable" while maintaining the rating of "BWR AAA". The bank requests the stock exchanges to take note of the rating revision and update it on their website as per regulatory requirements.

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    Revision in BIRCKWORK Rating Outlook for Bonds [Corp. Action]

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    The document notifies that Credit Rating Agency Brickwork Ratings India Pvt. Ltd. has revised the rating outlook assigned to bonds issued by Bank of Baroda from "Negative" to "Stable". The agency revised the outlook on two tranches of upper tier II bonds issued by the bank totaling Rs. 3,000 crores from "Negative" to "Stable" while maintaining the rating of "BWR AAA". The bank requests the stock exchanges to take note of the rating revision and update it on their website as per regulatory requirements.

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    17 views1 page

    Revision in BIRCKWORK Rating Outlook For Bonds (Corp. Action)

    Uploaded by

    Shyam Sunder
    The document notifies that Credit Rating Agency Brickwork Ratings India Pvt. Ltd. has revised the rating outlook assigned to bonds issued by Bank of Baroda from "Negative" to "Stable". The agency revised the outlook on two tranches of upper tier II bonds issued by the bank totaling Rs. 3,000 crores from "Negative" to "Stable" while maintaining the rating of "BWR AAA". The bank requests the stock exchanges to take note of the rating revision and update it on their website as per regulatory requirements.

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    © All Rights Reserved
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    of 1

    B

    {airnda

    BankofBaroda
    Date: 19th March 2016

    President,

    The Vice
    B5E
    Phiroze Jeejeebhoy
    Datat
    Mumbai - 400

    Ltd.,

    street

    BSE

    Dear

    Towers

    00'l
    CODE.532I3,I

    I The Vice President,


    I Nationat Stock Exchange of lndia Ltd.

    I
    I

    I
    I

    Exchange Ptaza,

    Bandra Kurta Comptex, Bandra (E)


    Mumbai - 400 051
    NSE CODE. BANKBARODA

    sir / Madam,

    Re:

    lntlmatlon under Re{ulation 30


    We advise that Credit Rating Agency "Brickwork Ratings lndia Pvt. Ltd." has Revised
    Rating Outlook assigned to Bonds issued by Bank of Baroda as under:

    lnstruments

    Revised Ratinq

    Amount

    Prevlous Ratinq

    Tranche 1 t500 Cr

    BWR AAA

    BWR AAA

    (Outtook: Stabte)

    (Outtook: Negative)

    Tranche 2 1500 Cr

    BWR AAA

    BWR AAA

    (Outtook: Stable)

    Outtook: NeqatiYe

    Upper Tier ll Bonds

    We request you to take note of the above pursuant to the Regutation-3o of the SEB!
    (Listing obtigations & Disctosure Requirements) Regutations, 2015 and uptoad the
    information on your website.
    Yours failhfuLty,

    Deputy General Manager


    Company Secretary

    {+{Trdk+<{, S 26, s

    <f6, {Er,g,ciaiq}n, qrfl (X), ETi 4oo o5t,,ird.


    Baroda Corporate Centre, C'26, G-Bloct, Bandra Kurla Compler. Eandra (E). tuumbai- 400 051 lndra

    +lr/Phone:91 22 66985812/5846'+fi/Fax

    91 22 2652 6660

    {tn/E'mail:companysecrelary.bcc@bankorbarodacom.}{/Web:wwwbankofbarodacom

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