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Fitch affirms Canara Bank's IDR with negative outlook
Dec-05-2020

Credit rating agency – Fitch ratings has affirmed Canara Bank's Long-Term Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Negative. At the same time, Fitch has downgraded the bank's Viability Rating (VR) to 'b+' from 'bb-'.

Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.

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