Canara Bank - LT FCR Outlook Revised to Stable from Negative

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook for Canara Bank's (CB) Long-Term Foreign Currency Rating (LT FCR) to Stable from Negative. At the same time, CI Ratings has affirmed CB's LT FCR and Short-Term Foreign Currency Rating (ST FCR) at 'BB+' and 'B', respectively, the Bank Standalone Rating (BSR) at 'bb-', the Core Financial Strength (CFS) rating at 'bb-' and the Extraordinary Support Level (ESL) at High. 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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