Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Fitch Affirms Standard Chartered ‘A’ Rating with Stable Outlook Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDR) of Standard Chartered PLC (SC) at ‘A’ and Standard Chartered Bank (SCB) at ‘A+’. The Outlooks are Stable. Fitch has also affirmed SC’s and SCB’s Viability Ratings (VR) at ‘a’. The ratings said SC’s ratings are driven by its VR and primarily reflect a strong franchise across key markets and a business model that materially benefits from higher interest rates. The bank’s VR also balances strong capital and liquidity buffers and fairly conservative risk controls against its exposure to riskier markets…

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