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Credit Ratings

Current ratings for entities within Standard Bank Group are detailed below:

Short-term Long-term Outlook
Standard Bank Group Limited
Foreign currency issuer default rating F3 BBB- Stable
Local currency issuer default rating BBB- Stable
National rating F1 + (ZAF) AA (ZAF) Stable
The Standard Bank of South Africa
Foreign currency issuer default rating F3 BBB- Stable
Local currency issuer default rating BBB- Stable
National rating F1+ (ZAF) AA (ZAF) Stable
RSA Sovereign rating
Foreign currency issuer default rating F3 BBB- Stable
Local currency issuer default rating F3 BBB- Stable
Stanbic IBTC Bank Plc (Nigeria)
National rating F1+ (NGA) AAA (NGA)
CfC Stanbic Bank (Kenya)
Issuer default rating B BB- Negative
National rating F1+ (KEN) AAA (KEN) Stable
Short-term Long-term Outlook
Standard Bank Group Limited
Foreign and local currency issuer rating Baa3 Negative
The Standard Bank of South Africa
Foreign currency deposit rating P-2 Baa2 Negative
Local currency deposit rating P-2 Baa2 Negative
National rating P-1.za Aa1.za
RSA Sovereign ratings
Foreign currency P-2 Baa2 Negative
Local currency Baa2 Negative

Short-term Long-term Outlook
The Standard Bank of South Africa
Unsolicited foreign currency issuer rating A-3 BBB- Negative
RSA Sovereign ratings
Foreign currency A-3 BBB- Negative
Local currency A-2 BBB+ Negative
Stanbic IBTC Bank Plc (Nigeria)
Foreign currency B B Stable
National rating ngA-2 ngA-
Liberty Group
National rating ZaA-1 ZaAAA



©2014 Standard Bank is a licensed financial services provider in terms of the Financial Advisory and Intermediary Services Act and a registered credit provider in terms of the National Credit Act, registration number NCRCP15.

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