Bank of Baroda (BANKBARODA) — Announcement

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📢 Key Event
S&P assigns BBB rating to Bank of Baroda's proposed dollar notes

🔄 What Changed
BBB rating assigned to proposed notes

🔮 What's Next
Rating subject to final terms review

💡 Investor Takeaway
Investors gain confidence in the bank's ability to raise capital internationally at investment-grade levels.

Bank of Baroda announced that S&P Global Ratings assigned a 'BBB' long-term rating to its proposed U.S. dollar-denominated senior unsecured notes from the GIFT City branch, drawing down from a $4 billion medium-term note program. The rating aligns with the bank's existing BBB issuer rating and reflects expectations of equal ranking with other senior unsecured obligations. This development signals enhanced credit credibility for the bank's capital market activities in international markets.

📄 View Original Announcement (PDF)

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