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	Current	Previous
Brickwork Ratings
Subordinated Debt
- Lower Tier II Bonds	BWR BB+ BWR Double B Plus (Outlook : Stable) (Upgraded)	BWR BB BWR Double B (Outlook : Stable)
Credit Analysis and Research (CARE) Limited
Subordinated Debt
- Upper Tier II Bonds	CARE BB Stable Double B (Outlook : Stable) (Reaffirmed)	CARE BB Stable Double B (Outlook : Stable)
- Lower Tier II Bonds	CARE BB+ Stable Double B Plus (Outlook : Stable) (Reaffirmed)	CARE BB+ Stable Double B Plus (Outlook : Stable)