State Bank of India – Ratings Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the Bank Standalone Rating (BSR) of State Bank of India (SBI) to 'bb+' from 'bb'. At the same time CI Ratings has affirmed SBI's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at 'BBB-' and 'A3', respectively. The Core Financial Strength (CFS) rating of 'bb+' and Extraordinary Support Level (ESL) of High are also affirmed. The Outlook for the LT FCR and BSR remains Stable.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (India, State Bank of India)
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