Fitch affirms Standard Chartered

Fitch Ratings said it affirmed Standard Chartered plc and Standard Chartered Bank's long-term issuer default ratings at AA-.

The outlook is stable.

The affirmation reflects Standard Charter's consistently high operating profitability, well-managed growth, good asset quality, and conservative liquidity management and capitalization, according to the agency.

Ratings also reflect the greater potential volatility of its key markets (Hong Kong, Singapore, Korea and India) and some dependence on wholesale banking earnings, the agency said.

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