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Bulletin: Room For Singapore Banks To Slightly Ease Capital At Current Rating Levels Mar 07
Standard & Poors, March 2007
Abstract
SINGAPORE (Standard & Poor's) March 8, 2007--Standard & Poor's Ratings Services believes that the three Singapore-headquartered banks could tolerate some easing in their capital ratios without diminishing their credit profile to an extent that their credit ratings would be lowered. This is assuming present conditions prevail. The banks are DBS Bank Ltd. (AA-/Stable/A-1+), Oversea-Chinese Banking Corp. Ltd. (A+/Stable/A-1), and United Overseas Bank Ltd. (A+/Stable/A-1). Standard & Poor's also feels that the extent of any reduction is likely to be lower than the potential capital cushion (over the minimum regulatory capital) that could be derived using the Basel-II Internal Ratings-Based (IRB) methodology. 'By both the new and the previous Tier 1 regulatory capital hurdles, all three major Singapore banks are comfortably...
Companies mentioned in this report are: DBS Bank Ltd.,United Overseas Bank Ltd.,Oversea-Chinese Banking Corp. Ltd.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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