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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First Published: Aug 16 2024 | 5:15 PM IST
