Fitch Affirms Bank of India and Bank of India New Zealand at 'BBB-', Outlook Stable

Fitch Ratings has affirmed the LongTerm Issuer Default Ratings (IDRs) on Bank of India (BOI) and its wholly owned subsidiary, Bank of India (New Zealand) Limited (BOI NZ), at 'BBB-'. The Outlook is Stable. Fitch has also affirmed BOI's Viability Rating (VR) at 'b+'.

At the same time, we have affirmed BOI's Government Support Rating (GSR) of 'bbb-' and BOI NZ's Shareholder Support Rating (GSR) of 'bbb-'.

Shares of Bank of India was last trading in BSE at Rs. 85.91 as compared to the previous close of Rs. 87.48. The total number of shares traded during the day was 262260 in over 1703 trades.

The stock hit an intraday high of Rs. 88.02 and intraday low of 85.60. The net turnover during the day was Rs. 22722398.00.

Source : Equity Bulls

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BankofIndia INE084A01016 RatingUpdate