BoB gets BBB+/Stable rating, USD 4bn notes programme rated
BANKBARODA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CareEdge Global assigned a 'BBB+/Stable' long-term foreign currency issuer rating to Bank of Baroda, matching India's sovereign rating. The same rating was given to BoB's USD 4 billion global medium-term notes (GMTN) programme. The rating reflects majority Government of India ownership (about 64 percent), strong sovereign support, and BoB's position as the second-largest public sector bank. Capital adequacy stood at 15.8 percent and GNPA at 1.9 percent as of March 2026. Outlook is stable, moving in tandem with the sovereign.
New investment-grade foreign rating helps BoB raise overseas funds at competitive rates. Stable outlook and sovereign backing signal low credit risk, supportive for shareholders.