'BBB-' Rating Assigned On State Bank Of India's Proposed Senior Unsecured Issue - S&P Global Ratings’ Credit Research

'BBB-' Rating Assigned On State Bank Of India's Proposed Senior Unsecured Issue

'BBB-' Rating Assigned On State Bank Of India's Proposed Senior Unsecured Issue - S&P Global Ratings’ Credit Research
'BBB-' Rating Assigned On State Bank Of India's Proposed Senior Unsecured Issue
Published Oct 19, 2009
Published Oct 19, 2009
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

MUMBAI (Standard&Poor's) Oct. 19, 2009--Standard&Poor's Ratings Services today assigned its 'BBB-' rating on State Bank of India's (SBI; BBB-/Negative/A-3) proposed senior unsecured notes issue under its existing US$5 billion medium-term notes (MTN) program. This issue will have a tenure of five years and will be issued through SBI's London branch. Standard&Poor's ratings on SBI's proposed debt issues under the US$5 billion MTN program remain as follows: 'BBB-' rating on the senior unsecured notes, 'BB+' rating on the lower Tier II subordinated notes, and 'BB' rating on the upper Tier II subordinated and hybrid Tier I notes. The lower Tier II subordinated notes will have a minimum maturity of five years, or 63 months (if

  
Report Type:

Ratings Action

Ticker
SBIN@IN
Issuer
State Bank of India
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
India
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "'BBB-' Rating Assigned On State Bank Of India's Proposed Senior Unsecured Issue" Oct 19, 2009. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BBB-Rating-Assigned-On-State-Bank-Of-India-s-Proposed-Senior-Unsecured-Issue-752215>
  
APA:
S&P Global Ratings’ Credit Research. (). 'BBB-' Rating Assigned On State Bank Of India's Proposed Senior Unsecured Issue Oct 19, 2009. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BBB-Rating-Assigned-On-State-Bank-Of-India-s-Proposed-Senior-Unsecured-Issue-752215>
  
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