Moody’s Affirms Rating on SBI’s Bond Programs


Moody’s Investors Service has affirmed ratings on domestic as well as foreign currency bond programs of the country’s largest lender SBI.
Moody’s has affirmed the Baa3 rating on the bank’s senior unsecured debt (issued via its London branch) and (P)Baa3 rating on its senior unsecured medium-term note (MTN) program. Baa3 denotes the lowest rating in investment grade on long-term corporate obligation, which carries moderate risks.

Important Takeaways from Above News-
  • SBI headquarters in Mumbai, Maharashtra.
  • It was established on 1 July 1955.
  • Rajnish Kumar is the present Chairman of SBI.
Source- The Hindu

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