SINGAPORE (Standard&Poor's) Feb. 21, 2006--Standard&Poor's Ratings Services said today the ratings and outlook on Singapore's DBS Bank Ltd. (DBS Bank; AA-/Stable/A-1+) are unaffected by its parent's, DBS Group Holdings (DBSH), reported fourth-quarter 2005 loss of Singapore dollar (S$) 441 million (US$271 million). DBS Bank accounts for the bulk of DBSH in terms of assets, revenues, and profit. The loss is largely due to writing off S$1.13 billion in goodwill related to DBS Bank's wholly owned subsidiary DBS Bank (Hong Kong) Ltd. This was despite a one-time S$303 million gain booked from a previously announced sale of office buildings in Singapore. Standard&Poor's does not assess DBS Bank (Hong Kong) Ltd. to be experiencing any additional
