Crisil gives P1+ rating to SBI Cards issue

18 May 2002

1
Mumbai: Crisil has assigned a P1+ rating to the Rs 300-crore short-term debt programme of SBI Cards and Payment Services Pvt Ltd.

The rating reflects the comfort derived from SBI Cards ownership by the majority stakeholder State Bank of India and its joint-venture partner in this enterprise, GE Capital Corporation, said a Crisil press release issued here.

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