Canara Bank has informed the Exchange about Credit Rating
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Awaiting price reaction for this filing.
Fitch and India Ratings (Ind-Ra), both part of the Fitch Group, have affirmed Canara Bank's Long-Term Issuer Rating at 'IND AAA' with a Stable outlook. This covers the bank's Long-Term Issuer Rating, Infrastructure Bonds (₹100 billion), Basel III Tier 2 instruments (₹99 billion, reduced from ₹129 billion), and Basel III AT1 bonds (₹149.361 billion, reduced from ₹164.361 billion). The AT1 bonds are rated one notch lower at IND AA+/Stable, which is standard for this instrument type. The ratings were affirmed via separate communications on August 13 and August 25, 2025.
This is a neutral-to-positive signal — the highest investment-grade rating has been retained with a stable outlook, reflecting continued confidence in the bank's creditworthiness. No immediate share price impact is expected, but it supports Canara Bank's ability to raise funds at competitive rates.