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ICRA reaffirms, upgrades ratings of Canara Bank's bonds

23 Nov 2020 Evaluate

Credit rating agency -- ICRA has reaffirmed/ upgraded the ratings of Canara Bank's bonds Instruments. The agency has reaffirmed rating on the bank’s Basel III Tier II Bonds worth Rs 7900 crore at AA+ (hyb) (Stable); removed from Watch with Developing Implications. It has also upgraded rating on Basel III Addition Tier I Bonds worth Rs 1500 crore at AA (hyb) (Stable) from AA-(hyb) and removed from Watch with Developing Implications.

Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.

Peers
Company Name CMP
State Bank Of India 957.00
PNB 120.35
Bank Of Baroda 231.00
Canara Bank 116.40
Union Bank Of India 178.50
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