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Bank of Baroda gets revision in credit ratings

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Capital Market
Last Updated : Sep 27 2018 | 6:31 PM IST

From Fitch Ratings

Bank of Baroda announced that Fitch Ratings has placed the Bank's Viability Rating of 'BB' on Rating Watch Negative following the announcement that the government plans to merge Bank of Baroda with Vijaya Bank and Dena Bank.

Fitch has concurrently reaffirmed the Bank's Issuer Default Rating (IDR) at 'BBB- with a Stable Outlook', Support Rating at '2' and Support Rating Floor at 'BBB-'.

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First Published: Sep 27 2018 | 6:17 PM IST

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