Canara Bank informs about affirmed ratings

Canara Bank | Bank - Public | BFSI | BSE: 532483 | NSE: CANBK

05 Oct 2019 Evaluate

Canara Bank has informed that the Fitch Ratings (the Rating Agency) vide press release dated 4.10.2019, has affirmed Canara Bank's Viability Rating (VR) at 'bb-' following the merger announcement of Canara Bank and Syndicate Bank. Fitch has concurrently affirmed Canara's Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook, Support Rating at '2' and Support Rating Floor at 'BBB-'. Full details of the press release with affirmed ratings & rationale are available on Fitch Ratings's website (www.fitchratings.com).

The above information is a part of company’s filings submitted to BSE.

Peers

Company Name	CMP
State Bank Of India	1004.50
PNB	116.85
Bank Of Baroda	238.00
Canara Bank	124.20
Union Bank Of India	180.80
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.