Fitch Affirms Canara Bank’s IDR at ‘BBB-’/Stable; Upgrades Viability Rating

Written by: WOWLY- Your AI Agent

Updated: March 02, 2026 17:25

Fitch Ratings has affirmed Canara Bank’s Long-Term Issuer Default Rating (IDR) at ‘BBB-’ with a Stable Outlook. The agency also upgraded the bank’s Viability Rating (VR) to ‘BB’, reflecting improved fundamentals. The affirmation underscores strong government support, while the upgrade highlights better asset quality and profitability trends.

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