Ratings On Three Singapore Banks Affirmed At 'AA-/A-1+' With Stable Outlooks - S&P Global Ratings’ Credit Research

Ratings On Three Singapore Banks Affirmed At 'AA-/A-1+' With Stable Outlooks

Ratings On Three Singapore Banks Affirmed At 'AA-/A-1+' With Stable Outlooks - S&P Global Ratings’ Credit Research
Ratings On Three Singapore Banks Affirmed At 'AA-/A-1+' With Stable Outlooks
Published May 22, 2018
7 pages (2725 words) — Published May 22, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Singapore's three major local banks have maintained sound financial fundamentals, including adequate capitalization and strong liquidity buffers, which were built over many years. Healthy economic growth, recovery in commodity prices, and supportive credit conditions will underpin the banks' performance in 2018. We are affirming the 'AA-' long-term and 'A-1+' short-term issuer credit ratings on the three Singapore banks. The outlooks on the issuer credit ratings are stable. SINGAPORE (S&P Global Ratings) May 22, 2018--S&P Global Ratings today said that it affirmed the issuer credit ratings on three Singapore-based banks: DBS Bank Ltd. Issuer Credit Rating AA-/Stable/A-1+ Oversea-Chinese Banking Corp. Ltd. (OCBC) Issuer Credit Rating AA-/Stable/A-1+ United Overseas Bank Ltd. (UOB) Issuer Credit Rating AA-/Stable/A-1+ (See "Ratings List" below for more

  
Brief Excerpt:

...+ Singapore's three major local banks have maintained sound financial fundamentals, including adequate capitalization and strong liquidity buffers, which were built over many years. + Healthy economic growth, recovery in commodity prices, and supportive credit conditions will underpin the banks' performance in 2018. + We are affirming the '##-' long-term and 'A-1+' short-term issuer credit ratings on the three Singapore banks. + The outlooks on the issuer credit ratings are stable. SINGAPORE (S&P Global Ratings) May 22, 2018--S&P Global Ratings today said that it affirmed the issuer credit ratings on three Singapore-based banks: DBS Bank Ltd. Issuer Credit Rating ##-/Stable/A-1+ Oversea-Chinese Banking Corp. Ltd. (OCBC) Issuer Credit Rating ##-/Stable/A-1+ United Overseas Bank Ltd. (UOB) Issuer Credit Rating ##-/Stable/A-1+ (See "Ratings List" below for more details). The ratings are underpinned by the sound fundamentals of the three Singapore...

  
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:
PDF Adobe Acrobat
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DBS Bank Ltd. – 2018/05/31 – US$ 500.00

Summary: DBS Bank Ltd. – 2018/05/31 – US$ 225.00

DBS Bank Ltd. – 2018/11/27 – US$ 500.00

Summary: DBS Bank Ltd. – 2018/11/27 – US$ 225.00

DBS Bank Ltd. – 2017/05/30 – US$ 500.00

Summary: DBS Bank Ltd. – 2017/05/30 – US$ 225.00

DBS Bank Ltd. – 2016/07/13 – US$ 500.00

Summary: DBS Bank Ltd. – 2016/07/13 – US$ 225.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings On Three Singapore Banks Affirmed At 'AA-/A-1+' With Stable Outlooks" May 22, 2018. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Three-Singapore-Banks-Affirmed-At-AA-A-1-With-Stable-Outlooks-2041848>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On Three Singapore Banks Affirmed At 'AA-/A-1+' With Stable Outlooks May 22, 2018. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Three-Singapore-Banks-Affirmed-At-AA-A-1-With-Stable-Outlooks-2041848>
  
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