SBI updates on Fitch ratings

Fitch Ratings has published their report on 31.08.2023. They have affirmed State Bank of India's (SBI) Long-Term Issuer Default Rating (IDR) at 'BBB-'. Fitch has also affirmed the bank's Viability Rating (VR) at 'bb' and its Government Support Rating (GSR) of 'bbb-'. The outlook on SBI remains stable.

However, Fitch has revised the operating environment (OE) score to 'bb+' from 'bb' and asset quality score to 'bb- positive' from 'bb- stable'.

Shares of State Bank of India was last trading in BSE at Rs. 561.30 as compared to the previous close of Rs. 567.65. The total number of shares traded during the day was 1385583 in over 35260 trades.

The stock hit an intraday high of Rs. 570.25 and intraday low of 559.35. The net turnover during the day was Rs. 783215348.00.

Source : Equity Bulls

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StateBankofIndia INE062A01020 SBIN RatingUpdate