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Canara Bank informs about affirmed ratings

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 959.00
PNB 112.00
Bank Of Baroda 232.35
Canara Bank 118.60
Union Bank Of India 168.10
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