DBS rating unaffected by Dubai exposure

Standard & Poor's counterparty credit ratings on DBS Bank Ltd were not affected by the bank's credit exposure to Dubai.

The ratings service group expects DBS' credit profile to remain well supported by its solid franchise in Singapore, outstanding liquidity profile, sound capitalisation, and strong financial flexibility. It has also been enhanced by its parent's rights issue of US$2.89 billion earlier this year.

S&P expects any loss in the bank's partially collateralised exposure to Dubai of US$1.3 billion, including a US$404 million loan affected by last week's standstill notice, is unlikely to significantly dent the bank's capitalisation. The exposure represents less than 10 percent of DBS' adjusted total equity as at the end of 2008. However, the bank's short-term profitability could be pressured by higher credit costs.

Follow the link for more news on

Also Read

India tightens microfinance rules to curb borrower overleveraging

Chart of the Week: 1 in 4 Filipinos have used BNPL services

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit