Strong funding and liquidity profile. Established franchise in Asia, Africa, and the Middle East with strong international links. Improvement in credit costs and asset quality in the past few years. Presence in emerging markets increases complexity of operations and can lead to greater volatility. Prospect of falling interest rates, trade tensions, and geopolitical risk could delay recovery in earnings. The stable outlook on Standard Chartered PLC (SC PLC) reflects our expectation that the Standard Chartered group will steadily improve its return on tangible equity (RoTE) without a substantial decline in its risk-adjusted capital (RAC) ratio over the next two years. We also expect the group to maintain satisfactory asset quality in line with other geographically diverse globally systematic important banks
