Ind-Ra affirms Bank of Baroda at AAA with stable outlook

India Ratings and Research (Ind-Ra) has affirmed Bank of Baroda’s (BoB’s) long-term issuer rating at AAA with a stable outlook and short-term issuer rating at A1-plus. The ratings continue to reflect BoB’s highly systemically important position and hence a high probability of support from the government which has 63.97 percent if required. Ind-Ra said […]