Summary: State Bank of India - S&P Credit Research

Summary: State Bank of India

Summary: State Bank of India - S&P Credit Research
Summary: State Bank of India
Published Dec 03, 2012
1885 words — Published Dec 03, 2012
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The negative outlook reflects the outlook on the long-term sovereign rating on India. The ratings and outlook on SBI will move in tandem with the sovereign rating. Standard&Poor's does not rate Indian banks above the sovereign rating because of the direct and indirect influence the sovereign in distress would have on a bank's operations, including its ability to service foreign currency obligations. Accordingly, we would lower the ratings on SBI if we downgrade the sovereign. We may also lower the rating if the bank's SACP deteriorates substantially to 'bb'. SBI's SACP already reflects our expectation that the bank's performance will remain under pressure. Therefore, the possibility of a downgrade because of a weakening of the SACP is remote

Brief Excerpt:

RESEARCH Summary: State Bank of India Publication date: 03-Dec-2012 Primary Credit Analyst: Ritesh Maheshwari, Singapore (65) 6239-6308; Secondary Contact: Deepali V Seth, Mumbai (91) 22-3342-4186;...

Report Type:


Diversified Banks (40101010)
Global Issuers, Structured Finance
United States
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S&P Credit Research. "Summary: State Bank of India" Dec 03, 2012. Alacra Store. Oct 13, 2015. <>
S&P Credit Research. (). Summary: State Bank of India Dec 03, 2012. New York, NY: Alacra Store. Retrieved Oct 13, 2015 from <>
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