Moody's rates Oversea-Chinese shares Aa3

Moody's Investors Service said it assigned an Aa3 rating to OCBC Capital Corp. (2008)'s proposed Singapore-dollar denominated non-cumulative non-convertible guaranteed preference share issue.

The outlook is stable.

The rating reflects both the structure of the issue and the subordinated guarantee of Oversea-Chinese Banking Corp. Ltd.

The rating is contingent upon receipt of final documents.

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