Standard Chartered's management continues to make good progress to restore the group's past performance, but a return to strong profitability will be delayed due to difficult operating conditions. We see a reduced chance of an upgrade in the coming 18-24 months, despite the group's steady accumulation of its bail-in buffers. We are revising our outlooks on Standard Chartered Bank and its operating subsidiaries to stable from positive. The outlook on Standard Chartered PLC remains stable. We are affirming the global scale ratings on all the Standard Chartered entities. HONG KONG (S&P Global Ratings) Nov. 24, 2016--S&P Global Ratings said today that it had revised its rating outlook on the U.K.-based main operating entity Standard Chartered Bank (SCB) and its operating
