We expect SBI's performance to remain better than its public sector peers in India. We are affirming our 'BBB-' long-term and 'A-3' short-term issuer credit ratings on SBI. The stable outlook reflects our expectation that the India-based bank will maintain its financial profile over the next 24 months. On Nov. 28, 2016, S&P Global Ratings affirmed its 'BBB-' long-term issuer credit rating on State Bank of India (SBI). The outlook is stable. We also affirmed our 'A-3' short-term issuer credit rating on the India-based bank. At the same time, we affirmed all the issue ratings on the bank's debts. The affirmed rating on SBI reflects the bank's undisputed market leadership in India, supported by a strong domestic franchise and high
