Summary: Standard Chartered Bank (Hong Kong) Ltd.

High systemic importance to Hong Kong's banking sector. Broad and healthy customer deposit base. Strong business stability owing to a long-established franchise. Pressure on credit losses due to rising economic risk in Hong Kong and China. Close link to other group entities with a weaker credit profile. The positive outlook on Standard Chartered Bank (Hong Kong) Ltd. (SCBHK) mirrors our positive outlook on the bank's parent Standard Chartered Bank (SCB). We believe the Standard Chartered group's accumulation of additional loss-absorbing capacity is likely to offer increased protection to senior unsecured creditors of the group's operating subsidiaries in the next 12-24 months. We could revise the outlook on SCBHK to stable if we see a reduction in rating uplift from Hong

...Close link to other group entities with a weaker credit profile. Outlook: Positive The positive outlook on Standard Chartered Bank (Hong Kong) Ltd. (SCBHK) mirrors our positive outlook on the bank's parent Standard Chartered Bank (SCB). We believe the Standard Chartered group's accumulation of additional loss-absorbing capacity is likely to offer increased protection to senior unsecured creditors of the group's operating subsidiaries in the next 12-24 months....

Summary