Ratings for key entities within Standard Bank Group.

Fitch Ratings
Fitch Ratings Short-term Long-term Outlook
Standard Bank Group Limited
Foreign currency issuer default rating B BB+ Stable
Local currency issuer default rating BB+ Stable
National rating F1 + (ZAF) AA (ZAF) Stable
The Standard Bank of South Africa
Foreign currency issuer default rating B BB+ Stable
Local currency issuer default rating BB+ Stable
National rating F1 + (ZAF) AA (ZAF) Stable
RSA Sovereign rating
Foreign currency issuer default rating B BB+ Stable
Local currency issuer default rating B BB+ Stable
Stanbic IBTC Bank Plc (Nigeria)
National rating F1+ (NGA) AAA (NGA)
Stanbic Bank (Kenya)
Issuer default rating B BB- Stable
National rating F1+ (KEN) AAA (KEN) Stable
Moodys Investor Services
Moody’s Investor Services Short-term Long-term Outlook
Standard Bank Group Limited
Foreign and local currency issuer rating Ba1 Stable
The Standard Bank of South Africa
Foreign currency deposit rating P-3 Baa3 Stable
Local currency deposit rating P-3 Baa3 Stable
National rating P-1.za Aa1.za
RSA Sovereign ratings
Foreign currency P-3 Baa3 Stable
Local currency Baa3 Stable
Standard and Poor's
Standard & Poor’s Short-term Long-term Outlook
RSA Sovereign ratings
Foreign currency B BB Stable
Local currency B  zaAA- Stable
Stanbic IBTC Bank Plc (Nigeria)
Foreign currency B B Stable
National rating ngA-2 ngBBB
Liberty Group
National rating ZA-1+ zaAA-