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 Money & Banking - Credit Rating


`P1+' rating for SBI Cards issue

MUMBAI: Crisil has assigned a `P1+' rating to the Rs 300-crore short-term debt programme of SBI Cards and Payment Services Private Ltd.

The rating reflects the comfort derived from SBI Card's ownership by majority stakeholder State Bank of India (SBI) and its joint-venture partner in this enterprise, GE Capital Corporation (GECC), said a Crisil press release. — Our Bureau

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