Fitch affirms SBI rating at ‘BBB-‘, outlook stable

“The agency forecasts India to be one of the fastest-growing Fitch-rated sovereigns globally this fiscal year. Healthy business sentiment, resilient financial markets and the government’s capital spending can buffer global economic headwinds and inflation,” it said, adding that SBI’s business profile score of ‘BBB’ is the highest among Indian banks and above the OE score of ‘BB+’, which reflects SBI’s ability to generate business consistently through the cycle while managing risk better than peer state banks.