S&P ups State Bank of India outlook to positive

Standard & Poor's said it revised the outlook on State Bank of India (SBI) to positive from stable and affirmed its BB+/B ratings.

This follows the outlook revision on India's sovereign credit ratings (BB+/positive/B) to positive from stable, the agency said.

The outlook revision on SBI reflects its improving stand-alone profile against the backdrop of a stronger operating environment, S&P noted, adding that the ratings on SBI take into consideration the bank's improved financial profile, in particular its loan quality, satisfactory profitability and capitalization.

© 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.