Canara Bank gets affirmation of ratings by Fitch Ratings

Canara Bank announced that Fitch Ratings has affirmed the Bank's Viability Rating (VR) at 'bb-' following the merger announcement of Canara Bank and Syndicate Bank. Fitch has concurrently affirmed Canara'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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