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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