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Fitch gives State Bank of India bonds BBB-
Fitch Ratings said it gave an expected BBB- rating to State Bank of India's planned senior unsecured notes. The notes will be issued by SBI's London branch.
“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.
The outlook is negative.
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