Canara Bank receives affirmation in credit ratings from India Ratings and Research

16 Aug 2024

Canara Bank receives affirmation in credit ratings from India Ratings and Research

India Ratings and Research (Ind-Ra) has affirmed Canara Bank's Long-Term Issuer Rating at 'IND AAA'. The Outlook is Stable. The instrument-wise rating actions are as follows:

 Instruments Amount (Rs crore)  Rating  
  Basel III ATI Bonds 4,000  IND AA+/ Stable
  Infrastructure Bonds 10,000  IND AAA/ Stable
  Basel III Tier 2 instruments (yet to be issued) 12,900  IND AAA/ Stable
  Basel III AT1 bonds 12,436.1  IND AA+/ Stable

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