Canara Bank receives upgrade in credit ratings for Tier I & II bonds

Canara Bank announced that ICRA has upgraded the rating of Bank's Basel III Tier II Bonds to 'ICRA AAA (Stable)' from 'ICRA AA+(hyb) (Stable)'. ICRA has also upgraded its ratings on the Basel III Additional Tier l Bonds to 'ICRA AA+ (Stable) from 'ICRA AA(hyb) (Stable)'.

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