Moody’s assigns Aaa to DBS bonds

Moody’s Investors Service said it an assigned an Aaa rating to DBS Bank Ltd.’s $900 million of series 14 mortgage covered bonds. The bonds are being sold under DBS’ global covered bond program.

The agency has rated all the bonds sold under the program Aaa since 2017. The bank’s senior unsecured rating is Aa1.

The outlook is stable.

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