Ratings for key banking entities within Standard Bank Group.

Short-term Long-term Outlook

Standard Bank Group Limited

Fitch Ratings
Foreign currency issuer default rating B BB+ Stable
Local currency issuer default rating BB+ Stable
National rating F1+(ZAF) AA(ZAF) Stable
Moody’s Investor Services
Issuer rating Ba1 Stable

The Standard Bank of South Africa

Fitch Ratings
Foreign currency issuer default rating B BB+ Stable
Local currency issuer default rating BB+ Stable
National rating F1+(ZAF) AA(ZAF) Stable
Moody’s Investor Services
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

Fitch Ratings
Foreign currency issuer default rating B BB+ Stable
Local currency issuer default rating B BB+ Stable
Moody’s Investor Services
Foreign currency deposit rating P-3 Baa3 Stable
Local currency deposit rating Baa3 Stable
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 BB- Stable
National rating F1+(KEN) AAA(KEN) Stable

Stanbic Uganda

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