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Canara Bank
Canara Bank receives affirmation in credit ratings from India Ratings and Research
Aug 16,2024   Hrs IST

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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