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Published on 6/7/2013 in the Prospect News Emerging Markets Daily.

Fitch rates DBS bonds AA-

Fitch Ratings said it has assigned DBS Bank Ltd.'s 500 million offshore renminbi of fixed-rate bonds due 2016 a long-term rating of AA-.

The bonds are rated at the same level as DBS's AA- long-term issuer default rating.

A change in DBS's issuer default rating, presently on a stable outlook, will have an impact on the bond rating, the agency said.


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