Tuesday, 4 April 2017

Moody`s retains rating on SBI's senior unsecured notes

Global credit rating agency Moody's Investors Service said it has retained its rating for State Bank of India's (SBI) senior unsecured notes after the issue size was increased by $100 million to $600 million. The issue is part of SBI's $10 billion medium term note programme. "The upsize will be carried out from its London branch, and the bonds will be listed on the Singapore Stock Exchange," Moody's said on Monday in a report. The outlook on the ratings, where applicable, is positive, Moody's said.

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