TEXT-S&P asgns DBS Bank (Taiwan) Ltd. ‘A+/A-1′ rtgs

December 5, 2011 | FINANCE

(The following statement was released by the rating agency) Dec 05- — DBS Taiwan is a newly established, 100%-owned bank subsidiary of Singapore-based DBS Bank Ltd. group. We believe there is a high degree of implicit financial support from the bank’s parent in times of need, due to the bank’s highly strategic group status. — We are assigning our ‘A+’ long-term and ‘A-1′ short-term …
(continue…)

Tags: , , , , ,