(Editor's note: In the press release sent out earlier today, the debt issue amount was misstated in the headline and in the lede sentence. A corrected version of the press release follows.) LONDON (Standard&Poor's CreditWire) May 10, 2001--Standard&Poor's today assigned its single-'A'-minus long-term subordinated debt rating to the Development Bank of Singapore Ltd.'s (DBS Bank) proposed U.S.$850 million 10-year notes. At the same time, Standard&Poor's placed the new ratings on CreditWatch with negative implications, where the single-'A'-plus long-term counterparty credit and single-'A'-minus debt ratings on DBS Bank, as well as the single-'A'-minus rating on DBS Capital Funding Corp. Ltd.'s preferred stock (guaranteed by DBS Bank), were placed on April 11, 2001. The 'A-1' short-term
