ANDHRABANK

Andhra Bank has informed the Exchange regarding Credit Rating

Andhra Bank has informed the Exchange regarding Credit Rating

Andhra Bank has informed the Exchange regarding Credit Rating

Andhra Bank has informed the Exchange regarding Credit Rating

Andhra Bank has informed the Exchange regarding Credit Rating

Andhra Bank has informed the Exchange regarding Credit Rating that in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that that M/s CARE Ratings has reviewed the ratings of our Bonds. The attached letter contains the details of the reviewed ratings.

Andhra Bank has informed the Exchange that M/s Brickwork Ratings during their recent review of ratings, have revised the ratings of Company Lower Tier II (VIII Issue), Upper Tier II (Series A, Series B and Series C) and Innovative Perpetual Debt Instrument.

Andhra Bank has informed the Exchange that M/s. CRISIL Ratings Limited during their recent review of ratings, have revised the Outlook of Ratings of the Bonds from 'Stable' to 'Negative' of the Tier 1 (Under Basel III), Tier 2 (Under Basel II and Basel III), Infrastructure and Innovative Perpetual Debt Bonds.

Andhra Bank has informed the Exchange that M/s. Credit Analysis & Research Limited (M/s CARE Ratings) during the review of ratings of the Subordinated Debt Bonds (VI, VII and VIII Issues - Series F, G and H) and Upper Tier -II Bonds (Series - C) raised by the Bank, vide Rating Letter dated MArch 24, 2015, have upgraded the ratings as under: Subordinated Debt Bonds (VI, VII and VIII Issues - Series F, G and H) from CARE AA (Double A) to CARE AA+ (Double A Plus) which indicates high degree of safety regarding timely servicing of financial obligations and the instruments with this ratings carry v

Andhra Bank has informed the Exchange that M/s India Rating & Research Limited, a FITCH Group Company, during their review of ratings of the Subordinated Debt Bonds (V, VI and VII Issues) raised by the Bank, have reaffirmed the ratings at 'IND AA/Outlook Stable (pronounced " Double A with Stable Outlook") and that the said rating indicates high degree of safety with regard to timely servicing of financial obligations amd that the instruments with this rating carry very low credit risk.

Andhra Bank has informed the Exchange that M/s. ICRA Limited, vide their letter no. Andhra Bank/ICRA/2005-06/1504 dated April 21, 2005, has assigned a "CGR2" (pronounced as CGR 2) rating to the Corporate Governance practices of the Bank. This rating implies that in ICRA's current opinion, the rated company has adopted and follows such practices, conventions and codes as would provide its financial stakeholders a high level of assurance on the quality of corporate governance.