Is SharePoint 2010 SP1 Compatible with SQL 2012 standard Version?

I have a requirement to upgrade SQL server from 2008 to SQL 2012 for my SharePoint 2010 Application.

Currently I have SharePoint 2010 SP1 version installed in a server and SQL 2008 R2 enterprise version in another server/Database server
I want to know if SharePoint 2010 SP1 is fully compatible with SQL 2012 Standard Version? I need to upgrade SQL server from 2008 R2 to 2012.

Please someone confirm this. It will be a great help.