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India: Crisil assigns 'AAA' for SBI bond programme.

Business Line

| November 30, 2000 | COPYRIGHT 1999 Kasturi & Sons Ltd. (Hide copyright information)Copyright

MUMBAI: Credit rating agency, Crisil, has assigned 'AAA' rating to the Rs 3,000-crore bond programme of State Bank of India (SBI), a release from the agency said.

Crisil has also reaffirmed the 'P1+' rating to the bank's certificate of deposits programme.

The rating factors the advantages SBI derives from its dominant position in the banking sector in the form of its strong resource-raising ability …

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