Moody's: Canara Bank's ratings unchanged by tap bond issuance
Announcement: Moody's: Canara Bank's ratings unchanged by tap bond issuance. Global Credit Research- 11 Oct 2017. Singapore, October 11, 2017-- Moody's Investors Service says that Canara Bank's proposed senior unsecured tap bond issuance under its US $2 billion Medium-Term Note program carried out from its London branch has no impact on Canara Bank, London Branch's Baa3 foreign currency senior unsecured debt rating.Canara is engaged in offering banking products and services throughout India. with "one stop banking". Co. provides insurance premium financing, commercial real estate financing arrangements, loan servicing, consumer finance loans, credit card lending and automobile financing. Other services include savings; deposits; health and life insurance; wealth advisory services; asset management and capital markets services. As of Mar 31 2013, Co. has 3,723 branches and 3,526 ATM's catering to more than 4.7 crore customers. At Mar 31 2013, Co. had total assets of INR4,123,426,086,000 and total deposits of INR3,558,559,913,000.
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