|
|
 |
|
Viewing report
|
|
|
|
Bulletin: DBS Bank Rating Unaffected By Announced Exposure To Dubai Dec 09
Standard & Poors, Dec 2009
Abstract
HONG KONG (Standard & Poor's) Dec. 2, 2009--Standard & Poor's Ratings Services said today that its counterparty credit ratings on Singapore-based DBS Bank Ltd. (DBS; AA-/Stable/A-1+; ASEAN scale axAAA/axA-1+) were not affected by the bank's announcement of its credit exposure to the city-state of Dubai. We expect DBS' credit profile to remain well supported by its solid franchise in the core Singapore market, outstanding liquidity profile, sound capitalization, and strong financial flexibility, which has been enhanced by its parent's rights issue of Singapore dollars (S$) 4 billion earlier this year. We expect any loss in the bank's partially collateralized exposure to Dubai of S$1.8 billion, including a S$558 million loan affected by last week's standstill notice, is unlikely to significantly...
Companies mentioned in this report are: DBS Bank 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.
|
|
|
|
