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Brickwork Ratings reaffirmed the credit rating of 'BWR A/Stable' for Jammu and Kashmir Bank's ₹1,000 Crore Additional Tier I bonds, while withdrawing ratings for Tier II bonds.
Care Edge Ratings has reaffirmed the 'CARE AA-; Stable' rating for J&K Bank's Tier-II bonds. This credit rating update reflects the bank's existing debt profile.
India Ratings and Research affirmed Jammu and Kashmir Bank's long-term issuer rating at IND AA-/Stable. It also affirmed the rating for its Rs. 2,500 Crore Basel III bonds.