State Bank of India Rating done by Moody’s Investors Service

Moody’s Investors Service reportedly downgraded State Bank of India’s  bank financial strength rating, or standalone rating, to ‘D+’ from ‘C-’. the revised rating maps to a baseline credit assessment of ‘Baa3’. The hybrid debt rating of the Indian state-run lender was cut to ‘Ba3(hyb)’ from ‘Ba2(hyb)’. The revised bank rating carries a stable outlook and the hybrid rating a negative outlook.