State Bank of India - Ratings Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the Core Financial Strength (CFS) rating 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. SBI's Bank Standalone Rating (BSR) of 'bb' and Extraordinary Support Level (ESL) of High have also been affirmed. The Outlook remains Stable.

Attachments

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