State Bank of India's Proposed Dual-Tranche Senior Unsecured Notes Assigned 'BBB-' Rating - S&P Global Ratings’ Credit Research

State Bank of India's Proposed Dual-Tranche Senior Unsecured Notes Assigned 'BBB-' Rating

State Bank of India's Proposed Dual-Tranche Senior Unsecured Notes Assigned 'BBB-' Rating - S&P Global Ratings’ Credit Research
State Bank of India's Proposed Dual-Tranche Senior Unsecured Notes Assigned 'BBB-' Rating
Published Apr 10, 2014
Published Apr 10, 2014
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

SINGAPORE (Standard&Poor's) April 10, 2014--Standard&Poor's Ratings Services today assigned its 'BBB-' long-term rating to a proposed issue of dual-tranche senior unsecured notes by State Bank of India (SBI: BBB-/Negative/A-3). The rating on the notes reflects the long-term counterparty credit rating on SBI. The proposed notes will constitute direct, unconditional, unsecured, and unsubordinated obligations of SBI, and shall at all times rank equally with all other unsecured obligations of the bank. The rating on the proposed notes is subject to our review of the final issuance documentation. RELATED CRITERIA AND RESEARCH Related Criteria Banks: Rating Methodology And Assumptions, Nov. 9, 2011

  
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 HTML
Buy Now

State Bank of India – 2014/12/09 – US$ 500.00

Summary: State Bank of India – 2014/12/09 – US$ 225.00

State Bank of India – 2015/12/21 – US$ 500.00

Summary: State Bank of India – 2015/12/21 – US$ 225.00

State Bank of India – 2013/12/19 – US$ 500.00

Summary: State Bank of India – 2013/12/19 – US$ 225.00

State Bank of India – 2012/12/03 – US$ 500.00

Summary: State Bank of India – 2012/12/03 – US$ 225.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "State Bank of India's Proposed Dual-Tranche Senior Unsecured Notes Assigned 'BBB-' Rating" Apr 10, 2014. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/State-Bank-of-India-s-Proposed-Dual-Tranche-Senior-Unsecured-Notes-Assigned-BBB-Rating-1293889>
  
APA:
S&P Global Ratings’ Credit Research. (). State Bank of India's Proposed Dual-Tranche Senior Unsecured Notes Assigned 'BBB-' Rating Apr 10, 2014. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/State-Bank-of-India-s-Proposed-Dual-Tranche-Senior-Unsecured-Notes-Assigned-BBB-Rating-1293889>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.