SINGAPORE (Standard&Poor's) Aug. 19, 2005--Standard&Poor's Ratings Services said today it assigned its 'BB+' issue ratings to the following issues by State Bank of India (SBI; BB+/Stable/B), acting through its London branch: --Senior unsecured five-year floating rate notes of US$26 million due 2010; --Senior unsecured five-year floating rate notes of ¥5 billion due 2010; --Senior unsecured five-year notes of €100 million due 2010. These notes were issued under the bank's current multi-currency US$1 billion medium-term note (MTN) issuance program. Nevertheless, ratings on future issues under the program might not necessarily be the same as the ratings on the program assigned today, and will be assessed specifically as and when they occur, based on their terms and conditions.
