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Canara Bank gets ratings assigned for proposed issue of Tier I Bonds

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Capital Market
Last Updated : Nov 07 2016 | 6:47 PM IST

From CRISIL and India Ratings & Research

Canara Bank has received ratings from the following Credit Rating Agencies for the proposed issue of Basel III Compliant Tier I Bonds aggregating Rs 2500 crore:

CRISIL : has assigned a "CRISIL AA/Negative (pronounced "CRISIL Double A rating with Negative outlook").

India Ratings & Research : has assigned the "IND AA" rating with Stable Outlook.

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First Published: Nov 07 2016 | 6:16 PM IST

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