SINGAPORE (Standard&Poor's) Nov. 7, 2007--Standard&Poor's Ratings Services said today it continues to believe that the impact on the ratings of Singapore banks due to their reported exposure to CDOs (including U.S. subprime mortgage-related instruments) is minimal at this time. Standard&Poor's includes DBS Bank Ltd. (AA-/Stable/A-1+), United Overseas Bank Ltd. (UOB; A+/Stable/A-1), and Oversea-Chinese Banking Corp. Ltd. (OCBC; A+/Stable/A-1) in Group 1 of the three risk groups defined in the article titled "U.S. Subprime Impact Limited On Rated Asia-Pacific Banks And Insurers," published on Aug. 3, 2007, on RatingsDirect, the real-time Web-based source for Standard&Poor's credit ratings, research, and risk analysis. Standard&Poor's believes that Group 1 entities have negligible exposure. The
