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Our Bureau

Mumbai , Sept. 17

CRISIL has upgraded its ratings on four banks, including three housing finance institutions.

According to a Crisil communication, the rating organisation has upgraded PNB Housing Finance Ltd's ratings following a reassessment of its parent Punjab National Bank's credit profile. Similarly, The rating upgrade of BOB Housing Finance Ltd's debt programme follows Crisil's upgrade of its parent Bank of Baroda's long-term rating from AA+ to AAA/Stable.

Cent Bank Home Finance Ltd's rating on the fixed deposit programme was upgraded by Crisil following a reassessment of its majority owner, Central Bank of India's credit profile, the note said.

Also, the rating on long term debt programmes of Canbank Factors Ltd was upgraded on the basis of a recent upgrade of parent Canara Bank from AA+ / Stable to AAA/ Stable.

More Stories on : Credit Rating

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