CARE withdraws rating on Union Bank of India — 07 Oct 2026
Union Bank of India had its rating withdrawn by CARE on 2026-10-07, moving the rating from AA+ to AAA with a Stable outlook. 1 bond on file is tied to this entity, 3 other rating actions on record between 2026-09-17 and 2026-10-07.
As filed with NSE: “Withdrawn, AAA (earlier AA+)”
| Entity (company that filed) | Union Bank of India · issuer page |
| Action | Withdrawal |
| Previous rating | AA+ |
| New rating | AAA |
| Outlook | Stable |
| Action date | 2026-10-07 |
| Agency | CARE |
| Source | The company’s credit rating disclosure to NSE ↗ (SEBI LODR Reg 52(4)). The action type is as the company reported it. |
| Bond | Coupon | Maturity |
|---|---|---|
| Union Bank of India 9.50% Perpetual NCD | 9.50% | 9999-12-31 |
| Date | Agency | Action | Rating |
|---|---|---|---|
| 2026-10-07 | CARE | Reaffirm | AAA → AAA |
| 2026-09-17 | Brickwork | Reaffirm | AAA → AAA |
| 2026-09-17 | Brickwork | Withdrawal | AA+ → — |
About this page: This page restates a rating action by CARE, a SEBI-registered credit rating agency, as the company disclosed it to NSE under SEBI LODR Reg 52(4); the action type and ratings are as filed. The rating and any outlook are the agency's opinion, not RetailBonds.in's, and nothing here is investment advice or a view on what the action means for any investor. Refer to the agency's own rationale document for the full reasoning. See our methodology and full disclaimer.