'AA-' Rating Assigned to DBS Bank's S$100 Million Credit-Linked Notes to Retail Investors - S&P Global Ratings’ Credit Research

'AA-' Rating Assigned to DBS Bank's S$100 Million Credit-Linked Notes to Retail Investors

'AA-' Rating Assigned to DBS Bank's S$100 Million Credit-Linked Notes to Retail Investors - S&P Global Ratings’ Credit Research
'AA-' Rating Assigned to DBS Bank's S$100 Million Credit-Linked Notes to Retail Investors
Published Dec 09, 2005
447 words — Published Dec 09, 2005
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Abstract:

MELBOURNE (Standard&Poor's) Dec. 9, 2005--Standard&Poor's Ratings Services today said it had assigned its 'AA-' rating to the S$100 million portfolio credit-linked notes (CLNs) to be issued by DBS Bank Ltd. (DBS). Noteholders are effectively buying credit risk on a senior tranche of a reference portfolio comprising corporates, financial institutions, and sovereigns. The reference portfolio is diversified by geography and industry. DBS Asset Management Ltd. has been appointed to manage the reference portfolio. The proceeds of the notes will be retained by DBS, and as such, the rating of the notes is capped at the long-term credit rating of DBS. The scheduled term for maturity on the notes is five years.

  
Brief Excerpt:

RESEARCH '##-' Rating Assigned to DBS Bank's S$100 Million Credit-Linked Notes to Retail Investors Publication date: 09-Dec-2005 MELBOURNE (Standard & Poor's) Dec. 9, 2005--Standard & Poor's Ratings Services today said it had assigned...

  
Report Type:

Ratings Action

Ticker
1471Z@SP
Issuer
DBS Bank Ltd.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Singapore
Region
Latin America
Format:
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More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "'AA-' Rating Assigned to DBS Bank's S$100 Million Credit-Linked Notes to Retail Investors" Dec 09, 2005. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/AA-Rating-Assigned-to-DBS-Bank-s-S-100-Million-Credit-Linked-Notes-to-Retail-Investors-480786>
  
APA:
S&P Global Ratings’ Credit Research. (). 'AA-' Rating Assigned to DBS Bank's S$100 Million Credit-Linked Notes to Retail Investors Dec 09, 2005. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/AA-Rating-Assigned-to-DBS-Bank-s-S-100-Million-Credit-Linked-Notes-to-Retail-Investors-480786>
  
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