(The following was expelled by a rating agency)
Aug. 6, 2012–Standard Poor’s Ratings Services today
assigned a ‘A+’ emanate rating to a due emanate of
subordinated records due 2023 by DBS Bank Ltd. (AA-/Stable/A-1+;
axAAA/axA-1+). The emanate would be a drawdown underneath a bank’s
US$15 billion tellurian medium-term records program.
The emanate rating on a records is one nick next the
long-term issuer credit rating on DBS Bank, reflecting the
subordinated position of a notes. The Singapore
dollar-denominated records will consecrate direct, unsecured, and
subordinated obligations of a bank. The bank has a choice to
redeem early.
RELATED RESEARCH AND CRITERIA
— Banks: Rating Methodology And Assumptions, Nov. 9, 2011
— Bank Hybrid Capital Methodology And Assumptions, Nov. 1,
2011
Article source: http://news.yahoo.com/text-p-rates-dbs-banks-proposed-subordinated-nts-030626139--sector.html
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