On April 19, 2006, Standard&Poor's Ratings Services revised the outlook on State Bank of India (SBI) to positive from stable and affirmed its 'BB+/B' ratings. This follows the outlook revision on India's sovereign credit ratings (BB+/Positive/B) to positive from stable (see "Research Update: Outlook On India Revised To Positive With Improved Budgetary Prospects," published April 19, 2006, on RatingsDirect, Standard&Poor's Web-based credit analysis system). The outlook revision on SBI reflects its improving stand-alone profile against the backdrop of a stronger operating environment. The ratings on SBI take into consideration the bank's improved financial profile, in particular its loan quality, satisfactory profitability, and capitalization. The bank's wide product suite, large client base, and extensive branch network are
