Research Update: DBS Bank (Hong Kong) Ltd. Aug 04
- ID: 2041180
- August 2004
- Region: Hong Kong
- Standard & Poors
The 'A+' long-term counterparty credit and 'A-1' short-term counterparty credit ratings on DBS Bank (Hong Kong) Ltd. (DBSHK) were affirmed on Aug. 2, 2004. At the same time, the outlook on the long-term local currency rating on the bank was revised to positive from stable, following a revision of the outlook on the ratings on the bank's ultimate operating parent, DBS Bank Ltd. (DBS; A+/Positive/A-1). The outlook on the long-term foreign currency rating, however, remained at stable, reflecting the outlook on the foreign currency rating on the Hong Kong Special Administrative Region (HKSAR; A+/Stable/A-1). The ratings reflect DBSHK's status as a core subsidiary of DBS, the largest bank in Singapore in terms of assets. They also reflect the bank's sound...
Companies mentioned in this report are:
- DBS Bank (Hong Kong) Ltd.
- Hong Kong (Special Administrative Region)
- Singapore (Republic of) (Unsolicited Ratings)
- DBS Bank Ltd.
Action: Outlook: Positive
Action: Outlook: Stable
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Product Type: Research Update
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