(Editor's Note: In the press release dated April 11, 2001, the short-term counterparty credit rating on Development Bank of Singapore was incorrectly stated in the first paragraph and in the rating list to have been placed on CreditWatch with negative implications. The short-term rating on the bank is affirmed, and is not on CreditWatch. A corrected version of the release follows.) SINGAPORE (Standard&Poor's CreditWire) April 11, 2001--Standard&Poor's today placed on CreditWatch with negative implications its long-term counterparty credit and debt ratings on Development Bank of Singapore Ltd. (DBS Bank) and the rating on DBS Capital Funding Corp.'s preferred stock, guaranteed by DBS Bank. At the same time, Standard&Poor's placed all its counterparty credit and
