Fitch upgrades Standard Chartered Bank Korea to AA-

Fitch Ratings has upgraded Standard Chartered Bank Korea Ltd.'s long-term issuer default rating to AA- from A+ and revised the outlook to stable from negative.

The upgrade arises from the equalization of the Korean subsidiary's IDR with that of the parent Standard Chartered Bank (AA-/stable), reflecting Fitch's reassessment of the bank's linkage with its parent.

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