StanChart gets inevitable downgrade from S&P

By Rev Hui
01 Apr 2016

Standard & Poor’s has cut its credit ratings on Standard Chartered group entities by one notch, becoming the last of the three international ratings agencies to do so over the past few months.

S&P lowered Standard Chartered’s rating to BBB+ from A- and cut Standard Chartered Bank's credit rating to A from A+.

The bank's China, Hong Kong, South Korea and Taiwan units were also simultaneously downgraded by one notch to A, A+, A- and A-, respectively.

"We consider the Standard ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial