Canara Bank – FCRs and BSR Raised

Overview

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

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (India, Canara Bank)
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