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S&P affirms ratings on DBS Bank (Hong Kong)

S&P Global Ratings affirmed 's long-termissuer credit rating at AA- and short-term issuer credit rating at A-1+, with astable outlook on the long-term rating.

The rating agency also affirmed the bank's long- andshort-term Greater China regional scale ratings at cnAAA and cnA-1+,respectively.

The ratings reflect the bank's status as a core subsidiaryof the DBS group. S&P also expects timely and strong parental support forthe bank, considering its importance to the group.

DBS Bank (Hong Kong)'s stable outlook is on par with itsparent company, DBS GroupHoldings Ltd.

The rating agency further said DBS Bank (Hong Kong)'sratings would move in tandem with its parent company.

S&P Global Ratingsand S&P Global Market Intelligence are owned by S&P Global Inc.