(Editor's Note: The press release published on April 6, 2000 incorrectly stated the amount of the note issue in the headline. The headline has been corrected in this release.) SINGAPORE (Standard&Poor's CreditWire) April 6, 2000--Standard&Poor's today assigned its single-'A'-minus long-term rating to Development Bank of Singapore Ltd.'s (DBS Bank) second issue of proposed 10-year subordinated notes. The new notes have similar terms and conditions as the bank's maiden US$750 million subordinated notes issue due 2009, which were also rated single-'A'-minus in July 1999. The differential between the rating on the notes and the single-'A'-plus long-term counterparty credit rating assigned to DBS Bank reflects the subordinated status of the notes and the ability of the bank to
