Moody's assigns 'C' to SBI

Moody's has assigned a bank financial strength rating (BFSR) of 'C' - to State Bank of India (SBI). This rating reflects the bank's dominant franchise as the largest commercial bank in India,and SBI's sound financial position. SBI is present in all financial sectors through its non-banking subsidiary companies, which we believe provides huge potential for the group to cross-sell it's products,the global credit rating agency said in a report.(BL 28082010)