Andhra Bank: Revision in Rating

Andhra Bank has informed BSE that M/s.CRISIL, during their review of ratings of the Upper Tier-II Bonds (Series A and B) and Innovative Perpetual Debt Bonds issued by the Bank, vide their letters dated January 20, 2011, have upgraded the rating by one NOTCH, viz., from 'AA / Stable' to 'AA+ / Stable (pronounced 'Double A plus with stable outlook') and that the revised rating indicates high degree of safety with regard to timely payment of interest and principal on the instruments.