DBRS: Standard Chartered unchanged

DBRS said that the ratings for Standard Chartered plc, including its issuer and long-term debt rating of A, are unaffected by the group's announcement of results for the half year ending June 30.

The trend is stable.

Standard Chartered reported another half year of solid results, which demonstrates the earnings generation capabilities of the group's solid franchise in the growing emerging markets of Asia, the Middle East and Africa, the agency said.

The ratings consider that Standard Chartered's financial performance throughout the most recent down cycle has been consistent and very resilient further illustrating the predictable earnings generation ability of the entity, the agency added.

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