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Fitch affirms long-term ratings of six banks at 'BBB-' with stable outlook

Updated : May 31, 2019 06:22 AM IST

The agency also affirmed BBB- rating of Bank of Baroda (New Zealand), Canara Bank and Bank of India (BOI).
The rating of IDBI Bank's long-term IDR was affirmed at 'BB+'.
BOB's VR is maintained at Rating Watch Negative (RWN), as it may take a few more months before the full impact of BOB's merger with Vijaya Bank and Dena Bank, is visible on BOB's combined financial position, the note said.
Fitch affirms long-term ratings of six banks at 'BBB-' with stable outlook

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