Bank of Baroda gets revision in credit ratings

From Fitch Ratings

Bank of Baroda announced that Fitch Ratings has placed the Bank's Viability Rating of 'BB' on Rating Watch Negative following the announcement that the government plans to merge Bank of Baroda with Vijaya Bank and Dena Bank.

Fitch has concurrently reaffirmed the Bank's Issuer Default Rating (IDR) at 'BBB- with a Stable Outlook', Support Rating at '2' and Support Rating Floor at 'BBB-'.

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