Canara Bank – CFS Raised; Other Ratings Affirmed

Overview

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

Attachments

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