Summary: State Bank of India - S&P Global Ratings’ Credit Research

Summary: State Bank of India

Summary: State Bank of India - S&P Global Ratings’ Credit Research
Summary: State Bank of India
Published Dec 19, 2013
1009 words — Published Dec 19, 2013
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Strong business position supported by strong domestic franchise and good diversification in India. Above-average funding and strong liquidity. Moderate capitalization and earnings. Moderate risk position. The negative outlook on State Bank of India (SBI) reflects the outlook on the sovereign credit rating on India (unsolicited rating: BBB-/Negative/A-3). The rating on SBI will move in tandem with the sovereign rating. Standard&Poor's Ratings Services does not rate Indian banks above the sovereign rating because of the direct and indirect influence the sovereign in distress would have on a bank's operations, including its ability to service foreign currency obligations. We will lower the rating on SBI if we downgrade the sovereign. We may also lower the rating if the bank's 'bbb-'

  
Brief Excerpt:

RESEARCH Summary: State Bank of India Publication date: 19-Dec-2013 Primary Credit Analyst: Amit Pandey, Singapore (65) 6239 6344; amit.pandey@standardandpoors.com Secondary Contact: Deepali V Seth, Mumbai (91) 22-3342-4186; deepali.seth@standardandpoor...

  
Report Type:

Summary

Ticker
SBIN@IN
Issuer
State Bank of India
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
India
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: State Bank of India" Dec 19, 2013. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-State-Bank-of-India-1229912>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: State Bank of India Dec 19, 2013. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-State-Bank-of-India-1229912>
  
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