Fitch rates United Overseas Bank notes AA-

Fitch Ratings said it assigned a final rating of AA- to United Overseas Bank's $500 million 2¼% notes due 2017 issued under the bank's S$5 billion euro medium-term note program.

This follows the completion of the notes issue, as well as the receipt of final documents conforming to information previously received.

The final rating is the same as the expected rating assigned in February, Fitch said.

The notes are rated at the same level as the bank's AA- long-term foreign-currency issuer default rating, the agency said.

This is because the notes constitute direct, unsubordinated and senior unsecured obligations of the bank, Fitch said, and rank equally with all its other unsecured and unsubordinated obligations.

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