S&P retains SBI, ICICI Bank ratings

sitive/B and local currency BB+/Stable/B) and ICICI Bank (foreign currency BB/Positive/B).  S&P also affirmed its 'BBpi' public information rating on Bank of Baroda.  "Although the affirmations reflect the better financial profiles of SBI and ICICI Bank, the ratings on the two banks remain constrained by the sovereign ratings on India (foreign currency BB/Positive/B and local currency BB+/Stable/B)," S&P's credit analyst Adrian Chee, associate director in the Financial Services Ratings Group, said today.  Click here for S&P release