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S&P Global Ratings has upgraded State Bank of India's Issuer credit rating to 'BBB/Stable/A-2' from 'BBB-/Positive/A-3'. This positive shift, with a 'Stable' outlook, primarily reflects India's upgraded sovereign rating and SBI's strengthened capitalization, boosted by a recent INR 25,000 Cr capital infusion. This highlights improved financial health.