Bank of India's Proposed U.S. Dollar Senior Unsecured Notes Rated 'BBB-'

SINGAPORE (Standard&Poor's) April 28, 2015--Standard&Poor's Ratings Services today assigned its 'BBB-' long-term issue rating to a proposed issue of U.S.-dollar-denominated senior unsecured notes by Bank of India (BBB-/Stable/A-3). The rating on the notes reflects the long-term counterparty credit rating on the India-based bank. The proposed notes will constitute direct, unconditional, unsecured, and unsubordinated obligations of Bank of India. They shall at all times rank at par among themselves and with all other unsecured obligations of the bank. The rating on the notes is subject to our review of the final issuance documentation. RELATED CRITERIA AND RESEARCH Related Criteria Assessing Bank Branch Creditworthiness, Oct. 14, 2013 Banks: Rating Methodology And Assumptions, Nov. 9, 2011 Bank Capital Methodology

...SINGAPORE (Standard & Poor's) April 28, 2015--Standard & Poor's Ratings Services today assigned its '###-' long-term issue rating to a proposed issue of U.S.-dollar-denominated senior unsecured notes by Bank of India (###-/Stable/A-3). The rating on the notes reflects the long-term counterparty credit rating on the India-based bank. The proposed notes will constitute direct, unconditional, unsecured, and unsubordinated obligations of Bank of India. They shall at all times rank at par among themselves and with all other unsecured obligations of the bank. The rating on the notes is subject to our review of the final issuance documentation. RELATED CRITERIA AND RESEARCH Related Criteria + Assessing Bank Branch Creditworthiness, Oct. 14, 2013 + Banks: Rating Methodology And Assumptions, Nov. 9, 2011 + Bank Capital Methodology And Assumptions, Dec. 6, 2010 Complete ratings information is available to subscribers of RatingsDirect at www.globalcreditportal.com and at www.spcapitaliq.com. All ratings...

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