Infrastructure Bond - CARE BBB; Stable (Revised from CARE B ; Under credit watch with developing implications)

Lower Tier II Bonds - CARE BBB; Stable (Revised from CARE B; Under credit watch with developing implications)

Tier II Bonds (Basel III) - CARE BBB; Stable (Revised from CARE c; Under credit watch with developing implications)

Upper Tier II Bonds - CARE BB+; Stable (CARE D)

Perpetual Bonds (Basel II) - CARE BB+; Stable (CARE D)