Crisil revises outlook on Union Bank's long-term debt instruments to stable

Crisil Ratings has revis ed the out look on long-t erm debt instruments of Union Bank of India (UBI) to stable from negative while reaffirming ratings at A A-plus. The agency has also withdrawn rat ing on tier-II bond issue under Basel III norms of Rs 500 crore in-line with it s withdrawal policy. Crisil has received independent verification that these instruments are fully redeemed.