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Fitch affirms Canara Bank's IDR with negative outlook

05 Dec 2020 Evaluate

Credit rating agency – Fitch ratings has affirmed Canara Bank's Long-Term Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Negative. At the same time, Fitch has downgraded the bank's Viability Rating (VR) to 'b+' from 'bb-'.

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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