HONG KONG (Standard&Poor's) Feb. 24, 2011--Standard&Poor's Ratings Services today assigned its 'AA-' issue rating to the issue of senior unsecured notes by DBS Bank Ltd. (AA-/Stable/A-1+; ASEAN regional scale rating: axAAA/--/axA-1+). The issuance is part of the bank's existing US$10 billion debt issuance program. The notes constitute direct, unsecured, and unsubordinated obligations of DBS Bank and rank at least equally with all of its other unsecured and unsubordinated obligations. The notes are denominated in Indonesian rupiah, to be settled in U.S. dollars, and bear fixed-rate interest. They have a maturity of three years. DBS Bank plans to use the issue proceeds for general business purposes. RELATED CRITERIA AND RESEARCH Financial Institutions Criteria, published as a PDF
