Canara Bank submitted a regulatory disclosure to BSE Ltd. and National Stock Exchange of India Ltd regarding a rating confirmation received from Fitch Ratings Ltd. The disclosure was made under SEBI (LODR) Regulations, 2015.
The bank received a confirmation letter from Fitch Ratings dated 17 September 2026, addressed to Mr. Abhay Kumar of Canara Bank's Overseas Banking Division. The letter was in response to a request for confirmation following an update to the bank's US$3,000,000,000 Medium Term Note Programme with documents sent via email on 14 September 2026.
Fitch Ratings confirmed that as of 17 September 2026, the programme maintains the following ratings:
- Senior Unsecured Long-Term Rating: 'BBB-'
- Senior Unsecured Long-Term Rating (xgs): 'BB(xgs)'
The rating confirmation specifically addressed the effect of updating the programme with financial statements for:
- The three months ended June 30, 2026
- Financial Years ended March 31, 2026
- Financial Year ended March 31, 2025
- Financial Year ended March 31, 2024
Fitch explicitly noted that the ratings apply to the programme itself and not to individual notes issued under the programme. The agency clarified that there is no assurance that future notes issued under the programme will be assigned a rating, or that any rating assigned to specific issues will match the programme rating.
The confirmation letter included extensive disclaimers regarding Fitch's rating process, noting that ratings are based on information provided by the issuer and other parties subject to Fitch's investigation methodology. Fitch emphasized that ratings are not recommendations to buy, sell, or hold any security and do not comment on market price adequacy or investment suitability.
The disclosure was signed by Santosh Kumar Barik, Company Secretary of Canara Bank, and was digitally dated 17 September 2026 at 17:59:27 IST.