Canara Bank - Ratings Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Canara Bank (CB) at 'BB+' and 'B', respectively. At the same time CI Ratings has affirmed CB's Bank Standalone Rating (BSR) of 'bb-', Core Financial Strength (CFS) rating of 'bb-' and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR remains Negative, in line with CI's internal assessment of India's sovereign risk. The Outlook for the BSR is Stable.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (India, Canara Bank)
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