Punjab National Bank ratings upgraded by Moody's

Punjab National Bank announced an upgrade in its Baseline Credit Assessment (BCA) and Adjusted Baseline Credit Assessment by one notch, enacted by Moody's rating agency. This enhancement is attributed to the adoption of a new methodology for evaluating bank ratings globally. The revised ratings were communicated to the National Stock Exchange of India Limited and BSE Limited.

The updated ratings include an "Outlook" of Stable, "Counterparty Risk Rating" of Baa3/P-3, and "Bank Deposits" of Baa3/P-3. Furthermore, the "Baseline Credit Assessment" and "Adjusted Baseline Credit Assessment" are now ba1, with a "Counterparty Risk Assessment" of Baa3(cr)/P-3(cr), and an "Issuer Rating" of Baa3.

The bank submitted this information in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. The announcement was digitally signed by Bikramjit Shom, company secretary, on November 18, 2025.