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Standard Bank Group
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Ratings for key banking entities within Standard Bank Group.

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Fitch Ratings

Moody’s Investor Services

Standard and Poor’s

Short-term Long-term Outlook

Standard Bank Group Limited
Fitch Ratings
Foreign currency issuer default rating B BB Negative
Local currency issuer default rating BB Negative
National rating F1+(zaf) AA(zaf) Negative
Moody’s Investor Services
Issuer rating Ba2 Negative

The Standard Bank of South Africa
Fitch Ratings
Foreign currency issuer default rating B BB Negative
Local currency issuer default rating BB Negative
National rating F1+(zaf) AA(zaf) Negative
Moody’s Investor Services
Foreign currency deposit rating NP Ba1 Negative
Local currency deposit rating NP Ba1 Negative
National rating P-1.za Aa1.za

RSA Sovereign
Fitch Ratings
Foreign currency issuer default rating B BB Negative
Local currency issuer default rating B BB Negative
Moody’s Investor Services
Foreign currency deposit rating P(NP) Ba1 Negative
Local currency deposit rating Ba1 Negative
Standard & Poor’s
Foreign currency B BB- Stable
Local currency B BB Stable
National rating zaA-1+ zaAAA

Stanbic IBTC Bank PLC
Fitch Ratings
National rating F1+(nga) AAA(nga)
Standard & Poor’s
Foreign currency B B- Stable
National rating ngA-2 ngBBB

Stanbic Bank Kenya
Fitch Ratings
Issuer default rating B B+ Negative
National rating F1+(ken) AAA(ken) Negative

Stanbic Uganda
Fitch Ratings
Issuer default rating B B+ Stable
National rating F1+(uga) AAA(uga) Stable
Moody’s Investor Services
Foreign currency deposit rating NP B3 Stable
Local currency deposit rating NP B1 Stable