Moody's assigns (P)Baa1 to UOB's Additional Tier 1 capital securities component of EMTN programme
Singapore, February 21, 2017-- Moody's Investors Service has assigned Baa1 rating to the perpetual capital securities component of the existing S $15 billion Euro Medium Term Note Programme of United Overseas Bank Limited. Moody's had previously assigned a Aa1 rating to the senior unsecured component, a A3 rating to the subordinated component, and a Prime-1 rating to the short-term component of the EMTN programme. The terms and conditions of the capital securities...United Overseas Bank is bank in Asia with a network of offices in 19 countries and territories in Asia Pacific, Western Europe and North America. Co. provides a range of financial services including personal financial services, private banking, business banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, brokerage and clearing services, asset management, venture capital management and insurance. Co. operates within three main operating segments: Group Retail, Group Wholesale, and Global Markets and Investment Management. As of Dec 31 2014, Co. had total assets of S$306.74 billion.
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