State Bank of India receives positive ratings action from Moody's

State Bank of India announced that that Moody's Investor Service has affirmed the Baa3 long-term local and foreign currency bank deposit ratings of State Bank of India (SBI). Moody's has upgraded SBI's Baseline Credit Assessment (BCA) and Additional Tier 1 securities (AT1) program rating to ba1 and (P)B1 from ba2 and (P)B2, respectively. The outlook on the long-term rating remains stable.

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