Fitch Rates State Bank of India's Proposed Senior Debt 'BBB-(EXP)'
(The following statement was released by the rating agency)
SINGAPORE/MUMBAI, January 16 (Fitch) Fitch Ratings has assigned
State Bank of
India's (SBI, BBB-/Stable) proposed senior unsecured debt an
expected rating of
The notes will constitute direct, unconditional, unsubordinated
obligations of the issuer. They will at all times rank pari
themselves and with all other unsubordinated and unsecured
obligations of SBI.
The tenor of the issue is expected