Credit Rating - India Rating & Research
Awaiting price reaction for this filing.
India Ratings and Research (Ind-Ra) has affirmed Bank of Baroda's Long-Term Issuer Rating at 'IND AAA/Stable', the highest investment-grade rating, along with its existing ratings on all debt instruments. This includes Certificate of Deposits at IND A1+ (₹700 billion), Basel III Tier 2 bonds at IND AAA/Stable (₹111.23 billion), Basel III Additional Tier 1 bonds at IND AA+/Stable (₹76.03 billion), Infrastructure and Affordable Housing Bonds at IND AAA/Stable (₹310 billion), and Fixed Deposits at IND AAA/Stable. The affirmation reflects BOB's strong systemic importance as a major public sector bank (63.97% government stake), robust capital adequacy (17.19%), improved asset quality (Gross NPAs at 2.26%, down from 2.92%), and superior liquidity. The bank reported net income of ₹195.8 billion in FY25 with ROA of 1.16%.
This is a neutral-to-positive signal for shareholders and bondholders, confirming BOB's strong creditworthiness and financial health. The stable outlook and AAA rating should support borrowing costs and investor confidence, with no immediate impact on stock price expected as the rating was maintained, not changed.