Union Bank of India's Issuer Rating Reaffirmed AAA Stable by India Ratings
India Ratings reaffirmed Union Bank of India's Issuer Rating as AAA Stable. Several Additional Tier-1 and Tier-2 Bonds were also reaffirmed with Stable outlooks. However, ratings for two Additional Tier-1 Bonds and one Tier-2 Bond were withdrawn.
The reaffirmation of the issuer rating at AAA is significant and positive. However, the withdrawal of ratings for some specific bonds might introduce some uncertainty for those particular instruments, leading to a medium impact.
The rating reaffirmation for the issuer and most instruments is positive, but the withdrawal of ratings for specific bonds introduces a neutral element, balancing the overall sentiment.
Union Bank of India has announced that India Ratings and Research Private Limited has reaffirmed its ratings on various instruments on January 16, 2026. The Issuer Rating has been reaffirmed as AAA with a Stable outlook. Additionally, several Additional Tier-1 Bonds have been reaffirmed with a Stable outlook.
However, two Additional Tier-1 Bonds (ISINs INE692A08110 and INE692A08128) have had their ratings withdrawn (WD*). Two Tier-2 Bonds (ISINs INE692A08094) also had their ratings withdrawn. The rating for Certificates of Deposits has been affirmed as A1+.
The verification status for all credit ratings and their respective agencies is marked as 'Verified', with the date of verification also being January 16, 2026. This information is reported in terms of Regulation 30 read with point 3 of Para A of Part A of Schedule III and Regulation 55 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
What to do with a filing like this
Union Bank of India filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Union Bank of India. Read the original for the full detail.