DBRS confirms Standard Chartered

DBRS, Inc. said it confirmed Standard Chartered plc's issuer and long-term debt rating of A and its short-term instruments rating of R-1 (low).

The trend is stable.

The action follows a detailed review of the group's operating results, financial fundamentals and future prospects, according to the agency.

The confirmation reflects Standard Chartered's solid franchise in the growing emerging markets in Asia, the Middle East and Africa, its resilient earnings generation ability and sound financial profile, the agency said.

The uncertain external environment and potential contagion effects, which may spread outside of the euro zone, are also considerations, the agency noted.

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