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Fitch Ratings upgrades individual ratings for ICICI Bank and State Bank of India


International rating agency, Fitch Ratings on 15th Dec 2005, upgraded individual ratings for ICICI Bank and State Bank of India to `C' from `C/D'. The rating agency also affirmed other ratings of both banks at long-term foreign currency `BB+', short-term foreign currency `B', national long-term `AAA (ind)' and support `3'. The outlook on the ratings is stable for both banks


Rating of State Bank of India...Read detailed comments by Fitch
Rating of ICICI Bank...Read detailed comments by Fitch

ALSO READ OTHER RATING RELATED FEATURES

For detailed comments of Moody's upgrade of India's long term foreign currency rating ...Click Here

For detailed comments of Standard & Poor's Upgrade of India's Outlook...Click Here

For detailed comments of Standard & Poor's Ratings of major Indian financial institutions/commercial Banks...Click Here

Moody's Ratings of Indian Banks and Financial Institutions ...Click Here





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