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S&P rates DBS notes AA-
Standard & Poor's said it assigned its AA- issue rating to the proposed senior unsecured notes to be issued by DBS Bank Ltd.
According to S&P, the issue would be a drawdown under the bank's $15 billion global medium-term notes program.
The agency said the notes, which will be denominated in U.S. dollars, constitute direct, unsecured, and unsubordinated obligations of the bank.
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