Moody's withdraws SBI's forex bonds' ratings
Shortpedia
Content Team
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International rating agency Moody's Investors Service on Wednesday voluntarily withdrawn the ratings on the short-term foreign currency programme of the nation's largest State Bank of India and its branches under its USD 10 billion global medium-term note programme "for its own business reasons". The move comes on a day when the bank is reportedly hit the dollar-bond market with a benchmark issue (upwards of USD 500 million).
