Bank of Baroda’s Ratings Affirmed
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Ref: IN00120 CRA 00- 0 1 13 November 2020
Bank of Baroda’s Ratings Affirmed
Capital Intelligence Ratings (CI Ratings or CI ) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Bank of Baroda (BOB) at ‘BBB-’ and ‘A3’, respec tively. At the same time CI Ratings has affirmed BOB’s Bank Stand alone Rating (BSR) of ‘bb’, Core Financial Strength (CFS) rating of ‘bb ’ and E xtraordinary S upport L evel (ESL) of High . The Outlook for the LT FCR and BSR remains Negative .
The Bank’s LT FCR is set two notches above the BSR to reflect the high likelihood of extraordinary support in case of need from the government …