Canara Bank receives revision in credit ratings from CARE

Canara Bank has received revision in credit ratings from CARE Ratings as under:

Tier II Bonds (Basel III) (Rs 3000 crore) - CARE AAA; Stable (reaffirmed; outlook revised from Negative)

Tier II Bonds (Basel III) (Rs 4400 crore) - CARE AAA; Stable (reaffirmed; outlook revised from Negative)

Additional Tier I bonds (Basel III) (Rs 1450 crore) - CARE AA; Stable (reaffirmed; outlook revised from Negative)

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