Canara Bank has informed that the Moody's (Rating Agency) has upgraded the Long-Term Local and Foreign Currency Bank Deposit Ratings of Canara Bank to Baa3 from Ba1. The Baseline Credit Assessment (BCA) of the bank is also upgraded to ba3 from b1. The outlook on the long-term ratings of the bank remains stable. The details of the rating along with the rating rationale are available on their website (https://www.moodys.com/). A copy of the ratings along with the rating rationale is also enclosed.
The above information is a part of company’s filings submitted to BSE.
