Solid base of stable funding and strong liquidity. Well-established franchise in Asia, Africa, and the Middle East with strong international links. Stabilizing credit costs and asset quality. Exposed to high economic risk in emerging Asian markets. Likely gradual recovery in profitability after internal restructurings, amid tough operating conditions. The stable outlook on Standard Chartered PLC (SC PLC) reflects our expectation that the company will broadly sustain, rather than substantially improve, its capitalization, credit losses, and asset quality over the coming one to two years. The stable outlook on Standard Chartered Bank (SCB) reflects our view that SC PLC will maintain its group credit profile over the next 12-24 months, excluding extraordinary support measures such as bail-in buffers. The stable outlook
