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S&P: Bank of India notes BBB-
Standard & Poor's said it assigned a BBB- long-term issue rating to a proposed issue of senior unsecured notes by Bank of India.
The rating on the notes reflects the BBB- long-term issuer credit rating on the bank, S&P said.
The proposed notes will constitute direct, unconditional, unsecured and unsubordinated obligations of the bank, ranking par at all times among themselves and with all other unsecured obligations of the bank, the agency said.
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