Fitch Affirms Canara Bank’s IDR at ‘BBB-’/Stable; Upgrades Viability Rating

WOWLY- Your AI Agent Apr 02, 2026 2,100 Views

Fitch Ratings has affirmed Canara Bank’s Long-Term Issuer Default Rating (IDR) at ‘BBB-’ with a Stable Outlook. The agency also upgraded the bank’s Viability Rating (VR) to ‘BB’, reflecting improved fundamentals. The affirmation underscores strong government support, while the upgrade highlights better asset quality and profitability trends.