Bank of Baroda – Bank Standalone and Core Financial Strength Ratings Raised

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised Bank of Baroda's (BOB) Bank Standalone Rating (BSR) to 'bb+', from 'bb', and Core Financial Strength (CFS) to 'bb+', from 'bb'.  At the same time, CI Ratings has affirmed BOB's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at 'BBB-' and 'A3', respectively. The Bank's Extraordinary Support Level (ESL) remains High. The Outlook for the LT FCR and the BSR is Stable.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (India, Bank of Baroda)
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