LONDON (S&P Global Ratings) Aug. 10, 2016--S&P Global Ratings today assigned its 'BB-' long-term issue rating to the proposed additional Tier 1 notes by Standard Chartered PLC (SCPLC; BBB+/Stable/A-2). The issue rating is subject to our review of the final issuance documentation. We are assigning an issue rating to these notes in accordance with our criteria for hybrid capital instruments (see "Bank Hybrid Capital And Nondeferrable Subordinated Debt Methodology And Assumptions," published Jan. 29, 2015, on RatingsDirect). The rating reflects our assessment of SCPLC's unsupported group credit profile of 'a-' and our approach, which involves deducting: One notch because the notes are contractually subordinated; Two notches because we expect the notes to have Tier 1 regulatory capital status; One notch
