Announced Mon, 29 Jun · 19:16 IST
Bank of Baroda gets BBB+/Stable rating on USD 1 billion notes
BANKBARODA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.9%1-day move
₹273.60
prior close
₹273.80
base price
After-mkt
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AI summary
CareEdge Global assigned BBB+/Stable rating to Bank of Baroda's USD 1 billion senior unsecured notes and reaffirmed the same rating on its USD 4 billion global medium-term note programme and long-term foreign currency issuer rating. The rating equals India's sovereign rating, reflecting majority government ownership of about 64% and likelihood of sovereign support. Bank reported GNPA of 1.9%, CAR of 15.8%, and RoA of about 1% as of March 2026.
Likely market impact
Rating reaffirmed at investment grade with stable outlook; signals healthy credit profile and continued government backing. Mildly positive for bond investors.