trending Market Intelligence /marketintelligence/en/news-insights/trending/umi1nqzp0pk4ryubrdyfyg2 content esgSubNav
In This List

Moody's assigns counterparty risk ratings to StanChart unit

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Moody's assigns counterparty risk ratings to StanChart unit

Moody's on June 13 assigned Standard Chartered PLC unit Standard Chartered Bank long- and short-term local- and foreign-currency counterparty risk ratings of A1/P-1.

The rating agency also assigned the same ratings to the unit's New York, Singapore and Tokyo branches.

Moody's noted that the counterparty risk ratings are opinions of the entities' ability to honor the uncollaterized portion of nondebt counterparty financial liabilities, or counterparty risk ratings liabilities, and reflect the expected financial losses in the event such liabilities are not honored.

Moody's said the assigned ratings reflect its view that secured counterparties to banks usually benefit from greater protections under insolvency laws and bank resolution schemes than senior unsecured creditors, and that the benefit will likely extend to the unsecured part of such secured transactions in most bank resolution schemes.