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DBS Bank Ltd.'s US$5 Billion Commercial Paper Notes Program Assigned 'AA-/A-1+' Ratings

Published Dec 15, 2011

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Abstract:

HONG KONG (Standard&Poor's) Dec. 16, 2011--Standard&Poor's Ratings Services said today that it had assigned its 'AA-' long-term issue rating and 'A-1+' short-term issue rating to the US$5 billion commercial paper notes 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 equally with the bank's other unsecured and unsubordinated obligations. The notes will be denominated in U.S. dollar and have a maximum maturity of 397 days. DBS Bank will use the proceeds from the notes for general business purposes. RELATED CRITERIA AND RESEARCH DBS Bank Ltd. And DBS Bank (Hong Kong) Ltd. 'AA-/A-1+' Ratings Affirmed On Bank Criteria Change; Hybrids Downgraded, Dec. 1, 2011

Report Type:

Ratings Action

Ticker

1471Z@SP

Issuer

DBS Bank Ltd.

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Structured Finance

Country

Singapore

Region

Latin America

Format:

HTML

DBS Bank Ltd.'s Proposed Subordinated Notes Due 2022 Rated 'A+' – 2012/02/13 – US$ 150.00

DBS Bank Ltd.'s Proposed Senior Unsecured Notes Rated 'AA-' – 2012/02/21 – US$ 150.00

DBS Bank Ltd.'s Proposed Subordinated Notes Due 2022 Rated 'A+' – 2012/03/13 – US$ 150.00

DBS Bank Ltd. And DBS Bank (Hong Kong) Ltd. 'AA-/A-1+' Ratings Affirmed On Parent's Announced Acquisition Of Danamon – 2012/04/03 – US$ 150.00

Research Update: DBS Bank Ltd. And DBS Bank (Hong Kong) Ltd. 'AA-/A-1+' Ratings Affirmed On Parent's Announced Acquisition Of Danamon – 2012/04/03 – US$ 225.00

Research Update: DBS Bank Ltd. And DBS Bank (Hong Kong) Ltd. 'AA-/A-1+' Ratings Affirmed On Bank Criteria Change; Hybrids Downgraded – 2011/12/01 – US$ 225.00

DBS Bank Ltd.'s Subordinated Notes Under Its US$15 Billion Global Medium-Term Notes Program Assigned 'A+' Rating – 2011/10/11 – US$ 150.00

DBS Bank Ltd.'s Proposed US$5 Billion Euro-Commercial Paper Program Assigned 'A-1+' Rating – 2011/08/01 – US$ 150.00

Summary: DBS Bank Ltd. – 2011/07/25 – US$ 225.00

DBS Bank Ltd. – 2011/07/25 – US$ 500.00

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MLA:	S&P Global Ratings’ Credit Research. "DBS Bank Ltd.'s US$5 Billion Commercial Paper Notes Program Assigned 'AA-/A-1+' Ratings" Dec 15, 2011. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/DBS-Bank-Ltd-s-US-5-Billion-Commercial-Paper-Notes-Program-Assigned-AA-A-1-Ratings-922360>

APA:	S&P Global Ratings’ Credit Research. (). DBS Bank Ltd.'s US$5 Billion Commercial Paper Notes Program Assigned 'AA-/A-1+' Ratings Dec 15, 2011. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/DBS-Bank-Ltd-s-US-5-Billion-Commercial-Paper-Notes-Program-Assigned-AA-A-1-Ratings-922360>

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