DBS Bank Ltd.'s Subordinated Notes Under Its US$15 Billion Global Medium-Term Notes Program Assigned 'A+' Rating Oct 11
Standard & Poors, October 2011
Abstract
HONG KONG (Standard & Poor's) Oct. 12, 2011--Standard & Poor's Ratings Services today assigned its 'A+' issue rating to the issue of subordinated notes by DBS Bank Ltd. (AA-/Stable/A-1+; axAAA/axA-1+) under the bank's global medium-term notes program. DBS has also increased the size of the program to US$15 billion from US$10 billion. The subordinated notes will constitute direct, unsecured, and subordinated obligations of the bank. RELATED CRITERIA AND RESEARCH Standard & Poor's Financial Institutions Ratings Criteria, June 2, 2011 Methodology For Rating Bank Nondeferrable Subordinated Debt (Lower Tier 2) Regulatory Capital, Aug. 4, 2009 Standard & Poor's Approach To Rating Bank Securities, March 19, 2004...
Companies mentioned in this report are: DBS Bank Ltd.
Action: New Rating
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.
DBS Bank Ltd.
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