(The following statement was released by the rating agency)
SEOUL/SYDNEY, January 23 (Fitch) Fitch Ratings has assigned DBS
Bank Ltd.'s
(AA-/Stable/F1+) Series 3 EUR750m mortgage covered bonds a
rating of 'AAA'; the
Outlook is Stable. The fixed-rate bond is due January 2024, and
has a 12-month
extension period. This issuance brings the total outstanding
covered bonds on
issue out of DBS's covered bonds programme to the equivalent of
SGD3.25bn.
KEY RATING DRIVERS
The programme's rating is bas
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