Moody's assigns Aa2 to DBS Group Holdings' USD senior unsecured notes
Rating Action: Moody's assigns Aa2 to DBS Group Holdings' USD senior unsecured notes. Global Credit Research- 02 Jun 2017. Singapore, June 02, 2017-- Moody's Investors Service has assigned a Aa2 foreign currency debt rating to the USD senior unsecured notes drawdown issued by DBS Group Holdings Ltd from its USD30 billion global medium-term note program.DBS Group Holdings is an investment holding, treasury and funding vehicle for itself and its subsidiaries. Co.'s main subsidiary is DBS Bank Ltd, which is engaged in a range of commercial banking and financial services, principally in Asia. Co.'s various business segments are: Consumer Banking/ Wealth Management, which provides individual customers with a range of banking and related financial services; Institutional Banking, which provides financial services and products to institutional clients; as well as Treasury, which provides treasury services to corporations, institutional and private investors, financial institutions and other market participants.
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