HONG KONG (Standard&Poor's) Sept. 9, 2010--Standard&Poor's Ratings Services said today that it had assigned its 'AA-' issue rating to the proposed issue of US$1 billion in five-year senior unsecured notes by DBS Bank Ltd. (AA-/Stable/A-1+; ASEAN regional scale rating: axAAA/--/axA-1+). DBS proposes to issue the notes under its US$10 billion debt issuance program, which Standard&Poor's rated 'AA-/A-1+' on Sept. 7, 2010. The proposed notes will be in registered form and issued as global notes under Regulation S. DBS intends to use the proceeds for general corporate purposes. The notes will constitute direct, unconditional, unsecured and unsubordinated obligations of the bank. They will rank pari passu with all other unsecured obligations. RELATED CRITERIA AND RESEARCH
