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

Summary: State Bank of India

1888 words — Published Dec 03, 2012
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Abstract:

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 Ratings Definitions PDF Summary: State Bank of India Publication date: 03-Dec-2012 Primary Credit Analyst: Ritesh Maheshwari, Singapore (65) 6239-6308; ritesh_maheshwari@standardandpoors.com Secondary Contact: Deepali V...

  
Report Type:

Summary

Ticker
SBIN@IN
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Region
United States
Format:
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S&P Credit Research—S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Credit Research. "Summary: State Bank of India" Dec 03, 2012. Alacra Store. Oct 01, 2014. <http://www.alacrastore.com/s-and-p-credit-research/Summary-State-Bank-of-India-1044187>
  
APA:
S&P Credit Research. (). Summary: State Bank of India Dec 03, 2012. New York, NY: Alacra Store. Retrieved Oct 01, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-State-Bank-of-India-1044187>
  
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