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DBRS confirms Standard Chartered
DBRS Inc. said it confirmed Standard Chartered plc's issuer and long-term debt rating of A.
The trend remains stable.
Ratings reflect the group's solid franchise in the growing emerging markets in Asia, the Middle East and Africa, which underpin its resilient underlying earnings generation ability, the agency said.
Ratings also consider the group's sound liquidity profile and conservative liquidity management, the agency noted.
Offsetting these strengths are the challenges, which include successfully capitalizing on growth opportunities in the group's footprint while continuing to generate adequate earnings in the face of increased competition, DBRS said.
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