Credit ratings from leading international agencies

Credit ratings

Review our credit ratings from leading agencies, reflecting our financial strength and stability.  Our credit ratings provide an independent assessment of our creditworthiness and ability to meet our financial obligations.

Standard Bank Group Limited

	Short-term	Long-term	Outlook
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 issuer rating		Ba2	Stable
Local currency issuer rating		Ba2	Stable

The Standard Bank of South Africa

	Short-term	Long-term	Outlook
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 scale deposit rating	P-1.za	Aaa.za	Stable

RSA Sovereign

	Short-term	Long-term	Outlook
Fitch Ratings
Foreign currency issuer default rating	B	BB-	Stable
Local currency issuer default rating	B	BB-	Stable
Moody's Investor Services
Foreign currency issuer rating		Ba2	Stable
Local currency deposit rating		Ba2	Stable
Standard & Poor’s
Foreign currency	B	BB-	Positive
Local currency	B	BB	Positive
National rating	zaA-1+	zaAAA

Other entities

Stanbic IBTC Bank PLC View Stanbic IBTC Bank PLC’s Credit Ratings
Stanbic Bank Kenya View Stanbic Kenya’s Credit ratings
Stanbic Uganda View Stanbic Uganda’s Credit ratings

Standard Bank Group Limited
The Standard Bank of South Africa
RSA Sovereign
Other entities

	Short-term	Long-term	Outlook
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 issuer rating		Ba2	Stable
Local currency issuer rating		Ba2	Stable

	Short-term	Long-term	Outlook
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 scale deposit rating	P-1.za	Aaa.za	Stable

	Short-term	Long-term	Outlook
Fitch Ratings
Foreign currency issuer default rating	B	BB-	Stable
Local currency issuer default rating	B	BB-	Stable
Moody's Investor Services
Foreign currency issuer rating		Ba2	Stable
Local currency deposit rating		Ba2	Stable
Standard & Poor’s
Foreign currency	B	BB-	Positive
Local currency	B	BB	Positive
National rating	zaA-1+	zaAAA

Stanbic IBTC Bank PLC View Stanbic IBTC Bank PLC’s Credit Ratings
Stanbic Bank Kenya View Stanbic Kenya’s Credit ratings
Stanbic Uganda View Stanbic Uganda’s Credit ratings