(The following statement was released by the rating agency)
SINGAPORE, August 30 (Fitch) Fitch Ratings has assigned
Singapore-based United
Overseas Bank Limited's (UOB) proposed US dollar-denominated
Basel III-compliant
Tier 2 subordinated notes an expected rating of 'A+(EXP)'.
The notes will be issued under the bank's SGD15bn Euro
medium-term note
programme. The final rating on the securities is subjected to
the receipt of
final documentation conforming to information already received.
KEY
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