......According to SBI’s managing director and chief financial officer Arundhati Bhattacharya, the rating action will have no impact on domestic or international business. Moody’s said the decision to lower senior unsecured debt rating reflects two negative factors affecting SBI’s credit profile. First, SBI’s standalone credit profile continues to face negative pressures in the context of a slowdown of the Indian economy. These pressures were reflected in the change in the outlook on financial strength rating. .............
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