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STATE BANK OF INDIA RATINGS BY INTERNATIONAL AGENCIES

MOODY’S INTERBANK CREDIT SERVICES LTD. (MOODY’S)

AUGUST 2004

 CountrySBI
Foreign Currency  
Long TermBa2Ba2
Short TermNot PrimeNot Prime
Domestic Currency  
Long termBa2A2
Short TermNot primePrime-2
Bank’s FSR D+
Long Term Deposit Rating Outlook 
Foreign CurrencyStableStable
Domestic CurrencyStableStable
FSR Outlook Stable
Bank’s MTN Programme (US$ 1 billion): 
Senior Unsecured  Debt:Baa3Baa2
Subordinated Debt:Baa3Baa3

STANDARD & POOR’S

AUGUST 2005

 CountrySBI
Foreign Currency  
Long TermBBBB+
Short TermBB
Domestic Currency  
Long termBB+BB+
Short TermBB
Long Term Deposit Rating Outlook 
          Foreign CurrencyPositiveStable
          Domestic CurrencyStableStable
Bank’s MTN Programme  
(  US$ I billion  )  
Senior Unsecured Debt:BBBB+
Subordinated Debt:BB-BB

DOMESTIC RATINGS FOR BONDS

 Bonds
CRISILAAA
FitchInd AAA



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