DBS Bank's "A" rating now for good

Fitch Ratings has assigned a final rating of 'A' to the bank's dollar Non-Cumulative Non-Convertible Non-Voting Preference Shares Callable in 2020. This follows the completion of the issuance of the Preference Shares and the receipt of documents conforming to information previously received. The final rating is the same as the expected rating assigned on 14 October 2010.

DBS is 28% owned by the Singapore government via Temasek Holdings and is the largest of the three Singapore banking groups by assets.

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