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Bulletin: Ratings On Singapore Banks Remain Unaffected By CDO Exposure Nov 07 Product Image

Bulletin: Ratings On Singapore Banks Remain Unaffected By CDO Exposure Nov 07

  • Published: November 2007
  • Region: Singapore
  • Standard & Poors

FEATURED COMPANIES

  • DBS Bank Ltd.
  • United Overseas Bank Ltd.
  • MORE

Abstract
SINGAPORE (Standard & Poor's) Nov. 7, 2007--Standard & Poor's Ratings Services said today it continues to believe that the impact on the ratings of Singapore banks due to their reported exposure to CDOs (including U.S. subprime mortgage-related instruments) is minimal at this time. Standard & Poor's includes DBS Bank Ltd. (AA-/Stable/A-1+), United Overseas Bank Ltd. (UOB; A+/Stable/A-1), and Oversea-Chinese Banking Corp. Ltd. (OCBC; A+/Stable/A-1) in Group 1 of the three risk groups defined in the article titled "U.S. Subprime Impact Limited On Rated Asia-Pacific Banks And Insurers," published on Aug. 3, 2007, on RatingsDirect, the real-time Web-based source for Standard & Poor's credit ratings, research, and risk analysis. Standard & Poor's believes that Group 1 entities have negligible exposure. The...

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 READ MORE >

- DBS Bank Ltd.
- United Overseas Bank Ltd.
- Oversea-Chinese Banking Corp. Ltd.

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