S&P Downgrades Rating On Devt. Bank Of Singapore - S&P Global Ratings’ Credit Research

S&P Downgrades Rating On Devt. Bank Of Singapore

S&P Downgrades Rating On Devt. Bank Of Singapore - S&P Global Ratings’ Credit Research
S&P Downgrades Rating On Devt. Bank Of Singapore
Published Aug 27, 1998
Published Aug 27, 1998
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Abstract:

MELBOURNE -- Standard&Poor's CreditWire 8/27/98 -- Standard&Poor's today downgraded its public information (pi) rating on the Development Bank of Singapore Ltd. (DBS Bank) to single-'Api' from double-'Api'. At the same time, Standard&Poor's affirmed its 'pi' ratings on four Singapore domestic banks, namely Oversea-Chinese Banking Corp. Ltd., United Overseas Bank Ltd., Overseas Union Bank Ltd. and Keppel TatLee Bank Ltd. (formerly known as Keppel Bank of Singapore Ltd.), and withdrawn the 'pi' rating on Tat Lee Bank Ltd., following the bank becoming a wholly owned subsidiary of Keppel TatLee Bank (see list below). The rating downgrade on DBS Bank reflects Standard&Poor's view that the bank's near-to-medium financial profile has been impacted by the

  
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:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "S&P Downgrades Rating On Devt. Bank Of Singapore" Aug 27, 1998. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Downgrades-Rating-On-Devt-Bank-Of-Singapore-31717>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Downgrades Rating On Devt. Bank Of Singapore Aug 27, 1998. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Downgrades-Rating-On-Devt-Bank-Of-Singapore-31717>
  
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