...Standalone Credit Profile Drives Ratings: The ratings of DBS Bank Ltd. are driven by its intrinsic credit profile, as indicated by its Viability Rating. This reflects the bank's well- capitalised balance sheet, very stable funding and liquidity profile and steady performance record, backed by diversified operations and a conservative risk appetite and controls. Fitch Ratings expects DBS's emerging-market exposure to rise over time as it continues to pursue regional expansion, especially in higher-risk emerging markets. This will increase the bank's asset quality and operational risk, and drives the negative outlook on our operating environment score for DBS ¡ an important factor in our rating framework. However, the ratings remain on Stable Outlook for now as other key drivers remain intact. Strong Funding, Liquidity Profile: DBS's entrenched domestic deposit franchise is characterised by a high Singapore-dollar current and savings accounts ratio of 90% and a Singapore-dollar liquidity...
