Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Standard Chartered plc > News item |
Fitch lifts Standard Chartered view to stable
Fitch Ratings said it revised Standard Chartered plc's and its subsidiary Standard Chartered Bank plc's outlook to stable from negative.
Standard Chartered's long-term issuer default rating was affirmed at AA-, short-term issuer default and debt ratings at F1+, viability rating at AA-, senior unsecured debt at AA-, dated subordinated debt at A+ and capital securities at BBB.
Standard Chartered Bank's long-term issuer default rating was affirmed at AA-, short-term issuer default and debt ratings at F1+, viability rating at AA-, senior unsecured debt at AA- and F1+, dated subordinated debt at A+, upper tier 2 notes at A- and capital securities at BBB+.
The stable outlook considers that the risks attached to the group's expansion into higher-risk markets, including mainland China, was sufficiently mitigated, Fitch said.
The group maintains robust financial flexibility, which will continue to be supported by internal revenue generation, the agency said.
But increasing correlations of its key markets will continue to diminish the geographical diversification benefits of Standard Chartered's franchise, Fitch said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.