Proposed DBS senior unsecured notes get expected AA- rating

FITCH Ratings and Moody's Investors Service have assigned an expected rating of AA-(exp) and an Aa2 foreign currency debt rating, respectively, to DBS Group Holdings' (DBSH) proposed US dollar-denominated senior unsecured notes.

Fitch's rating is on an expected (exp) basis as "the final rating is subject to the receipt of final documentation conforming to information already received".

The notes will be issued under the joint US$15 billion global medium term note programme that DBSH shares with its subsidiary, DBS Bank.