Canara Bank: Fitch & Moody's Assign Ratings

Canara Bank has received ratings from two major agencies. Fitch assigned a 'BBB-' Senior Unsecured Long-Term Rating and a 'BB(xgs)' Senior Unsecured Long-Term (XGS) Rating. Separately, Moody's assigned a Baa3 rating with a stable outlook. Additionally, Fitch confirmed the ratings for Canara Bank’s USD 500 Million 4.896% Senior Unsecured Notes due 2029. This confirmation specifically addressed a tap issuance of U.S.$200,000,000, stating that it would not lead to a withdrawal or downgrade of the existing ratings.