Moody’s affirms DBS Bank

Moody's Investors Service said it affirmed the ratings and assessments of DBS Bank Ltd. and all ratings of DBS Group Holdings Ltd.

The outlook is stable.

The agency said that DBS Bank's baseline credit assessment and adjusted baseline credit assessment of a1 reflect a view that the bank maintains very robust intrinsic credit metrics in both a global and regional context.

“The a1 BCA incorporates the bank's leading domestic and growing regional franchise and stabilizing asset quality following the resolution of issues stemming from its oil and gas services exposures,” Moody’s said in a news release.

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