Bank of Baroda announced that Moody's Investors Service on 04 March 2020, has affirmed Bank of Baroda's (BoB) domestic and foreign bank long term and short term deposit ratings of Baa3, stable/P-3.
At the same time, Moody's has downgraded BoB's Baseline Credit Assesment (BCA) and adjusted BCA to ba3 from ba2.
In addition, Moody's has downgraded BOB's long term and short term Counterparty Risk Assessments to Baa3(cr)/P-3(cr) and the long term and short term domestic currency counterparty risk ratings (CRR) to Baa3/P-3 from Baa2(cr)/P-2(cr) and Baa2lP-2, respectively.
Moody's has also assigned a long term and short term foreign currency CRR of Baa3/P-3 to BOB.
The outlook is stable.
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