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