Fitch assigns State Bank of India bonds BBB-

Fitch Ratings said it assigned an expected BBB- rating to State Bank of India’s proposed senior unsecured notes. The bank’s London branch will issue the notes.

“The senior unsecured instruments are rated at the same level as the bank’s issuer default rating (IDR), in accordance with Fitch’s criteria,” the agency said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.