NSECredit Rating21h ago · 21 Sept 2026, 07:28 pm
Credit Rating
Canara Bank · CANBK
✦ AI SummaryRating Change
Canara Bank has informed the Exchange about Credit Rating. Moody's Ratings has assigned rating as Senior Unsecured (P) Baa3 to the bank's Medium Term Note Programme.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Canara Bank has informed the Exchange about Credit Rating
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CANBK_21092026192838_LettersD.pdf
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Ref: SD/280/281/11/12/2026-27 21.09.2026
The Vice President The Vice President
BSE Ltd. Listing Department
Phiroze Jeejeebhoy Towers National Stock Exchange of India Ltd
Dalal Street Exchange Plaza
Mumbai - 400 001 Bandra-Kurla Complex, Bandra [E]
Scrip Code: 532483 Mumbai - 400 051
Scrip Code: CANBK
Dear Sir/Madam,
Sub: Ratings by Moody’s Rating
Ref: Disclosure under SEBI (LODR) Regulations, 2015
The Stock Exchanges are hereby informed that Moody’s Ratings (Rating Agency) has assigned
rating as Senior Unsecured (P) Baa3.
Copy of the letter issued by Moody’s Ratings is enclosed herewith.
This is for information and records.
Thanking You,
Santosh Kumar Barik
Company Secretary
सिचवीय िवभाग Secretarial Department
(cid:366)धान काया(cid:330)लय Head Office F +91 80 22248831
112, जे सी रोड, ब(cid:336)गलू(cid:348) - 560002 112 J C Road, Bengaluru - 560002 T +91 80 22100250
E-Mail - hosecretarial@canarabank.com www.canarabank.bank.in
Moody's Investors Service Singapore Pte. Ltd.
71 Robinson Road #05-01/02
Singapore, 068895
Singapore
+65.6398.8300 tel
www.moodys.com
21st September 2026
Canara Bank
International Operations Vertical Corporate Credit and International Operations Wing
Head Office (A), 2nd Floor,
2nd Cross Road, Gandhinagar
Bengaluru 560 009
For the Attention of: Mr. Abhay Kumar
Re: U.S.$3,000,000,000 Medium Term Note Programme
Dear Sir,
At your request and based on the Offering Circular received on 18th September 2026, which we
understand is in substantially final form, Moody's Ratings (“Moody’s”) has assigned the following ratings
to the above referenced program:
Senior Unsecured (P)Baa3
These ratings do not immediately apply to any individual notes issued under the program, including but
not limited to, any hybrid securities. Ratings on individual notes issued under the program are subject to
our satisfactory review of the terms and conditions set forth in the final prospectuses, supplements, or
offering memorandums of the notes to be issued. Specifically, we may not assign the program rating to
individual notes issued under the program with features linked to the performance of another obligor
(credit-linked notes).
Furthermore, we do not intend to assign the program rating to individual notes issued under the program
with features linked to the performance of another obligor (credit-linked notes) or to notes for which
payment of principal and/or interest is variable and contractually dependent on the occurrence of a non-
credit-linked event or the performance of an index (non-credit-linked notes), except for notes whose
principal and coupon payments are affected by standard sources of variation (see Moody’s Cross-Sector
Rating Methodology, “Methodology for Credit-Linked Notes and Instruments Whose Rating-Relevant
Terms May Change Due to Specified Events,” September 10, 2019.).
Please refer to Moody’s Rating Symbols & Definitions, which is available at www.moodys.com, for the
meaning of Moody’s rating(s).
Moody’s monitoring of the rating is dependent upon receipt of all relevant information, financial or
otherwise, from the issuer or its agents. Failure to submit such information in a timely manner may result
in the withdrawal of the rating.
In accordance with our usual policy, assigned ratings are subject to revision or withdrawal by Moody’s at
any time, without notice, in the sole discretion of Moody’s. For the most current rating, please visit
www.moodys.com.
Internal
Credit ratings issued by Moody’s are Moody’s current opinions of the relative future credit risk of entities,
credit commitments, or debt or debt-like securities and are not statements of current or historical fact.
Moody’s credit ratings address credit risk only and do not address any other risk, including but not
limited to: liquidity risk, market value risk, or price volatility.
Moody’s credit ratings are not and do not provide investment advice or recommendations to purchase,
sell, or hold particular securities. Moody’s issues its credit ratings with the expectation and
understanding that each investor will make its own evaluation of each security that is under
consideration for purchase, holding, or sale.
Moody’s adopts all necessary measures so that the information it uses in assigning a credit rating is of
sufficient quality and from sources Moody’s considers to be reliable including, when appropriate,
independent third-party sources. However, Moody’s is not an auditor and cannot in every instance
independently verify or validate information received in the rating process. Under no circumstances shall
Moody’s have any liability to any person or entity for (a) any loss or damage in whole or in part caused by,
resulting from, or relating to, any error (negligent or otherwise) or other circumstance or contingency
within or outside the control of Moody’s or any of its directors, officers, employees or agents in
connection with the procurement, collection, compilation, analysis, interpretation, communication,
publication or delivery of any such information, or (b) any direct, indirect, special, consequential,
compensatory or incidental damages whatsoever (including without limitation, lost profits), even if
Moody’s is advised in advance of the possibility of such damages, resulting from the use of or inability to
use, any such information.
The assignment of a rating does not create a fiduciary relationship between Moody’s and you or between
Moody’s and other recipients of the rating. Moody’s has not consented to and will not consent to being
named as an “expert” under the applicable securities laws, including, without limitation, Section 7 of the
Securities Act of 1933.
This letter is strictly confidential and you may not disclose it to any other person except: (i) to your legal
counsel acting in their capacity as such; (ii) to your other authorized agents, acting in their capacity as
such, that have entered into non-disclosure agreements with Moody’s in the form provided by Moody’s;
(iii) as required by the law or regulation; or (iv) with the prior written consent of Moody’s, in which case
Moody’s reserves the right to impose conditions upon such consent such as requiring that you only
disclose this letter in its entirety and/or requiring any third party to enter into a non-disclosure agreement
with Moody’s in the form provided by Moody’s.
Yours faithfully,
Moody’s Investors Service Singapore Pte.Limited
Moody’s Investors Service Singapore Pte. Limited
cc: LC, Rating Desk Services
Internal