Canara Bank secures reaffirmed credit ratings from India Ratings, Bricksware, and CARE Ratings

Canara Bank announced credit rating actions on its long-term and short-term debt instruments by multiple agencies. India Ratings and Research has reaffirmed its ratings of “[CARE AAA] (Triple A)” for the bank’s outstanding long-term borrowings amounting to Rs 12,000 crore and “[CARE A1+]” for its short-term borrowings also totaling Rs 12,000 crore, with a stable outlook; simultaneously, Bricksware Ratings reaffirmed “[CARE AAA] (Triple A)” for the bank’s long-term borrowings of Rs 12,000 crore and “[CARE A1+]” for its short-term borrowings of Rs 12,000 crore, maintaining a stable outlook; finally, CARE Ratings Limited (CareEdge Ratings) provided a disclaimer indicating no specific rating details were provided for any instrument, including any long-term borrowings or short-term borrowings.