Standard Chartered PLC, Standard Chartered Bank Ratings Affirmed On Improved Risk Management; Outlook Stable

Standard Chartered PLC (SC PLC) has shown resilience over the past year amid COVID-19 and very low interest rates. The bank has managed its asset quality and credit costs reasonably well, in our view. We believe an improvement in SC PLC's risk management offsets a slight deterioration in its S&P Global Ratings risk adjusted capital (RAC) ratio and the possibility of increased shareholder distributions. We affirmed our 'BBB+/A-2' issuer credit ratings on SC PLC, the holding company, and the 'A/A-1' rating on the group's core subsidiaries Standard Chartered Bank (SCB) and Germany-based Standard Chartered Bank AG (SCB AG). The stable outlook on SC PLC mainly reflects our view that the bank will maintain its adequate risk management over the next

...July 22, 2021 - Standard Chartered PLC (SC PLC) has shown resilience over the past year amid COVID-19 and very low interest rates. The bank has managed its asset quality and credit costs reasonably well, in our view. - We believe an improvement in SC PLC's risk management offsets a slight deterioration in its S&P Global Ratings risk adjusted capital (RAC) ratio and the possibility of increased shareholder distributions. - We affirmed our '###+/A-2' issuer credit ratings on SC PLC, the holding company, and the 'A/A-1' rating on the group's core subsidiaries Standard Chartered Bank (SCB) and Germany-based Standard Chartered Bank AG (SCB AG). - The stable outlook on SC PLC mainly reflects our view that the bank will maintain its adequate risk management over the next two years. HONG KONG (S&P Global Ratings) July 22, 2021--S&P Global Ratings today affirmed its '###+' long-term and 'A-2' short-term issuer credit ratings on U.K.-based bank holding company SC PLC. The outlook on the long-term...

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