Singapore's OCBC Ratings Raised to 'A+'; Outlook on DBS and UOB Revised to Positive Aug 04
- ID: 2040909
- August 2004
- Region: Singapore
- Standard & Poors
SINGAPORE (Standard & Poor's) Aug. 2, 2004--Standard & Poor's Ratings Services today raised its long-term counterparty credit rating on Singapore's Oversea-Chinese Banking Corp. Ltd. (OCBC) to 'A+' from 'A', while affirming its 'A-1' short-term counterparty credit rating. The outlook is stable. At the same time, the long-term and short-term counterparty credit ratings on DBS Bank Ltd. (DBS) and United Overseas Bank Ltd. (UOB) were affirmed at 'A+' and 'A-1', respectively, while the outlooks on the ratings were revised to positive from stable. The counterparty ratings on DBS Bank (Hong Kong) Ltd. ( DBSHK) were also affirmed at 'A+/A-1', reflecting the core status and integration within the larger bank group; the outlook on the long-term local currency rating was revised to...
Companies mentioned in this report are:
- Oversea-Chinese Banking Corp. Ltd.
- DBS Bank Ltd.
- United Overseas Bank Ltd.
- DBS Bank (Hong Kong) Ltd.
Action: Outlook: Positive
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Research type: News
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