Bank Of Baroda has informed the Exchange about Credit Rating
BANKBARODA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bank of Baroda informed the exchanges that Moody's has released an updated Credit Opinion report on the bank. The bank's Baa3 long-term local and foreign currency bank deposit ratings remain unchanged with a stable outlook. The Baseline Credit Assessment stands at ba2, supported by improved solvency metrics including a lower NPL ratio of 2.3% (down from 3%), stronger capitalization with TCE/RWA at 12.2%, and stable profitability with ROA at 1.2%. Moody's noted that the rating is two notches above the BCA due to expected government support, given the Government of India's 63.97% stake. The report highlights strengths in funding and liquidity, while flagging concerns around single-name borrower concentration and deterioration in personal loan asset quality.
No change in credit rating means no immediate impact on the stock. The affirmation of Baa3 with stable outlook reflects continued confidence in the bank's fundamentals, though high concentration risk and personal loan stress remain areas to watch for retail investors.