SINGAPORE (Standard & Poor's) March 6, 2012--Standard & Poor's Ratings Services today assigned its 'AA-' long-term rating to the proposed issue of U.S. dollar senior unsecured bonds by Oversea-Chinese Banking Corp. Ltd. (AA-/Stable/A-1+; axAAA/axA-1+). The bonds will at all times rank pari passu with all other unsecured obligations of the bank, except for statutorily preferred obligations. RELATED CRITERIA AND RESEARCH Banks: Rating Methodology And Assumptions, Nov. 9, 2011...
Companies mentioned in this report are:
- Oversea-Chinese Banking Corp. 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.