Moody's Investors Service downgrades LT- local currency credit rating of Standard Chartered Bank to "A1"; outlook stable

May 03, 2017 - CBonds


Moody's Investors Service downgraded from "Aa3" to "A1" the LT- local currency credit rating of Standard Chartered Bank on May 2, 2017. The outlook is stable.
Issuer profile:

Standard Chartered Bank ("Standard Chartered") is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns more than 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank’s growth in recent years.

Outstanding issues:
19 issuesUSD14,917,000,000
3 issuesEUR1,393,000,000
1 issuesGBP200,000,000
1 issuesSGD450,000,000
1 issuesHKD300,000,000
4 issuesCNY2,269,000,000
Issuer rating:
Moody's Investors ServiceA1/StableLT- foreign currency05/02/2017
Moody's Investors ServiceA1/StableLT- local currency05/02/2017
S&P Global RatingsA/StableForeign Currency LT11/24/2016
S&P Global RatingsA/StableLocal Currency LT11/24/2016
Fitch RatingsA+/StableLT Int. Scale (foreign curr.)10/14/2016