Union Bank of India has announced rating actions and withdrawals across several instruments from Brickwork Ratings India Pvt. Ltd. and BWR. Brickwork Ratings has withdrawn ratings on the bank’s INE692A08110, INE692A08128, and INE692A08136 Additional Tier I (AT-1) bonds due to full redemption, while reaffirming the AAA rating on the INE112A08051 Tier-2 bond. BWR has reaffirmed its BWR AAA/ Stable rating on Tier II Bonds valued at 1000.00 and BWR AA+/ Stable on Additional Tier I bonds, while withdrawing ratings on Additional Tier I bonds totaling 1705.00 due to full redemption, alongside reaffirming ratings on various other Tier II and Additional Tier I bond instruments, some of which were transferred from Corporation Bank.
