Announced Mon, 22 Jun · 18:18 IST
Bank of Baroda gets S&P BBB rating for proposed US dollar 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
-2.0%1-day move
₹285.80
prior close
₹287.00
base price
After-mkt
timing
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Up moveDown movePending
AI summary
S&P Global assigned a BBB long-term issue rating to US dollar-denominated senior unsecured notes proposed by Bank of Baroda's GIFT City branch. The notes will be drawn from the bank's US$4 billion medium-term note program. The rating matches BoB's existing issuer credit rating of BBB/Stable/A-2, confirming investment grade status and global credit standing.
Likely market impact
Investment grade rating supports BoB's ability to raise funds in global markets at competitive rates, reflecting strong credit profile.