DBRS rates Standard Chartered A

DBRS said it assigned an issuer and long-term debt rating of A to Standard Chartered plc.

The trend is stable.

Ratings reflect the group's solid franchise with diversity across geographic regions and products, resilient underlying earnings generation ability, and its sound liquidity profile and conservative liquidity management, the agency said.

Ratings also consider the challenges faced by Standard Chartered, including capitalizing on growth opportunities in the group's footprint, continuing to generate adequate earnings to absorb the costs of the cycle and managing the various risks of operating its diverse global franchise, the agency noted.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.