MARC has withdrawn its AAA rating on Oversea-Chinese Banking Corporation Limited’s (OCBC Ltd) RM2.5 billion redeemable subordinated bonds, following the early redemption of the facility on June 6, 2013 as confirmed by the facility agent on June 7, 2013. However, the rating agency will continue to maintain rating surveillance on OCBC Ltd’s financial institution rating, currently rated A...

MARC has affirmed the issue rating of AAA on Oversea-Chinese Banking Corporation Limited's (OCBC) redeemable subordinated bond of up to RM2.5 billion with a stable outlook. The rating action takes into account OCBC’s sizable retail and corporate banking franchise in Singapore and Malaysia, its excellent asset quality, its good core earnings profitability, and strong regulatory capitalisation...

MARC has affirmed its issue rating of AAA on Oversea-Chinese Banking Corporation Limited's (OCBC) redeemable subordinated bond of up to RM2.5 billion with a stable outlook. The affirmed issue rating reflects the franchise strength of the financial services group, its relatively good earnings stability, and very strong regulatory capitalisation. MARC further notes that the continued deepening of OC...

MARC has announced the affirmation of the AAA rating on Oversea-Chinese Banking Corporation Limited’s (OCBC) redeemable subordinated bonds. The rating factors in OCBC’s well-entrenched business presence in Singapore and Malaysia, its sound capitalisation, diversified earnings streams and strong risk management capabilities. MARC also derives comfort from the high level of support affor...

MARC has assigned AAA rating to Oversea-Chinese Banking Corporation Limited’s (OCBC) proposed RM1.5 billion redeemable subordinated bonds with a green shoe option of an additional RM1.0 billion. Although the proposed issuance is junior in ranking to deposits and senior debt, MARC has not notched down the rating of the subordinated debt from the issuer’s long-term deposit and senior deb...