Current Affairs - National - Discussion

Discussion Forum : National - Latest Current Affairs (Q.No. 652)

2024-04-17 National

652.

What is the affirmed rating for State Bank of India (SBI) and Canara Bank by Fitch Ratings?

AAA

AA+

BBB

BBB-

Answer: Option

Explanation:

Fitch Ratings has reaffirmed the long-term issuer default rating (IDR) of "BBB-" for both State Bank of India (SBI) and Canara Bank, with a stable outlook. This rating reflects their adequate capacity to meet financial commitments, despite variations in risk appetite and loan growth patterns observed by Fitch.