NEWS & ADVICE : HOME LOANS
High level of bad loans reflected in SBI’s credit rating: Moody’s
By Joseph Samson
Feb 26, 2013
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India's largest lender, State Bank of India's credit assessment has been lowered by credit rating agency- Moody's Investors Service, as bad loans are relatively higher.

Moody's has adjusted SBI's baseline credit assessment from ‘baa3' (investment grade rating) to ‘ba1' (speculative grade rating).

The credit rating agency said that the lowering of SBI's BCA shows it's relatively high level of bad loans, which is unlikely to be managed down quickly.

The new Baseline Credit Assessment also reflects SBI's relatively weaker ability to sustain any further deterioration in the economic environment relative to its similarly-rated peers globally.

 


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