Canara has informed that the exchanges informed that India Ratings & Research (Ind-Ra) has upgraded the rating of Bank's Basel III A Tl bonds to 'IND AA+/Stable'. India Ratings & Research has also affirmed its Long Term Issuer rating and rating on the Basel III Tier 2 instruments to 'IND AAA/Stable. The summary of rating action and a copy of the ratings along with the rating rationale is enclosed. The detailed rating action along with the rating rationale is available on their website (www.indiaratings.co.in).
The above information is a part of company’s filings submitted to BSE.
