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Ratings Assigned On State Bank Of India's US$5 Billion MTN Program

Published Mar 26, 2007

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Abstract:

SINGAPORE (Standard&Poor's) March 26, 2007--Standard&Poor's Ratings Services said today it assigned its ratings to State Bank of India's (SBI) proposed debt issues under its US$5 billion medium-term note (MTN) program. Standard&Poor's rated SBI's proposed senior unsecured notes 'BBB-', its lower Tier II subordinated notes 'BB+', and its upper Tier II subordinated notes and hybrid Tier I notes 'BB'. The lower Tier II subordinated notes will have a minimum maturity of five years, or 63 months (if issued between Jan. 1 and March 31 of any year), and the upper Tier II subordinated notes will have a minimum maturity of 15 years. The hybrid Tier I notes are perpetual. The proposed MTN program is an

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:

HTML

State Bank Of India's Proposed Hybrid Tier I Notes Assigned 'BB' Rating – 2007/06/18 – US$ 150.00

State Bank of India – 2007/12/31 – US$ 500.00

Summary: State Bank of India – 2007/12/31 – US$ 225.00

State Bank of India's MYR500 Million Fixed-Rate Notes Assigned 'BBB-' Rating – 2008/03/27 – US$ 150.00

State Bank of India – 2008/12/30 – US$ 500.00

India SBI's Senior Notes Assigned 'BBB-' Rating; Hybrid Tier I Rated 'BB' – 2007/02/08 – US$ 150.00

Ratings On Six Indian Banks Raised To 'BBB-'; Outlook Stable – 2007/01/30 – US$ 150.00

State Bank of India – 2006/12/13 – US$ 500.00

Summary: State Bank of India – 2006/12/13 – US$ 225.00

'BB+' Rating Assigned To State Bank Of India's US$300M Senior Unsecured Notes – 2006/12/05 – US$ 150.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Ratings Assigned On State Bank Of India's US$5 Billion MTN Program" Mar 26, 2007. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Assigned-On-State-Bank-Of-India-s-US-5-Billion-MTN-Program-568954>

APA:	S&P Global Ratings’ Credit Research. (). Ratings Assigned On State Bank Of India's US$5 Billion MTN Program Mar 26, 2007. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Assigned-On-State-Bank-Of-India-s-US-5-Billion-MTN-Program-568954>

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