S&P's Standard Chartered Bank ratings unaffected

Standard & Poor's said the ratings of Standard Chartered Bank (A/positive/A-1), Standard Chartered Bank (Hong Kong) Ltd. (A/positive/A-1) and Standard Chartered First Bank Korea (A-/stable/A-2) are not affected by the Khoo family's sale of its 11.55% stake in Standard Chartered plc (A-/positive) to Dover Investments, a wholly owned subsidiary of Singapore's Temasek Holdings Pte Ltd. (AAA/stable). The agency said it does not expect the change in ownership to result in any material strategic shift.

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