HONG KONG (Standard&Poor's) Aug. 1, 2011--Standard&Poor's Ratings Services said today that it had assigned its 'A-1+' short-term issue rating to the proposed US$5 billion Euro-commercial paper program of DBS Bank Ltd. (AA-/Stable/A-1+; axAAA/axA-1+). The program's notes will constitute direct, unsecured, and unsubordinated obligations of DBS Bank and rank at least equally with all the bank's other unsecured and unsubordinated obligations, except those preferred by mandatory legal provisions. The notes may be issued in any currency and may bear fixed- or floating-rate interest. They will have a maturity of less than one year. DBS Bank will use the proceeds for general business purposes. RELATED CRITERIA AND RESEARCH Standard&Poor's Financial Institutions Ratings Criteria, June 2, 2011
