Fitch revises rating outlook of Bank of Baroda

Fitch Ratings has revised the Outlook to Stable from Negative on the Long-Term Issuer Default Ratings (IDR) of Bank of Baroda (BOB), while affirming IDR as BBB-.

Fitch has also affirmed the Government Support Rating (GSR) as bbb- for Bank of Baroda.

The Long Term Issuer Default Rating (LT IDR) of BOB is BBB- (Stable).

Shares of Bank of Baroda was last trading in BSE at Rs. 99.95 as compared to the previous close of Rs. 100.55. The total number of shares traded during the day was 535976 in over 3188 trades.

The stock hit an intraday high of Rs. 102.10 and intraday low of 99.40. The net turnover during the day was Rs. 53982951.00.

Source : Equity Bulls

Keywords

BankofBaroda INE028A01039 BOB FitchRatings OutlookRevision