Fitch Rates OCBC’s AUD500m Floating Rate Notes at ‘AA
(The following statement was released by the rating agency) SINGAPORE, February 15 (Fitch) Fitch Ratings has assigned Oversea Chinese Banking Corp’s (OCBC; AA /Stable) AUD500m floating rate canada goose black friday sale notes due February 2018 a final rating of ‘AA ‘. The notes will be issued through OCBC’s Sydney Branch under the bank’s USD10bn global medium term note programme. KEY RATING DRIVERS The notes are rated at 2018 canada goose outlet the same level as OCBC’s ‘AA ‘ Long Term Issuer Default Rating (IDR). This is because the notes will constitute Canada Goose sale direct, unsubordinated and unsecured obligations of buy canada goose jacket the bank, and will rank equally with Canada Goose online all its other unsecured and unsubordinated obligations RATING SENSITIVITIES The rating on the notes is sensitive to changes in OCBC’s IDR, which is driven by its Viability Rating of ‘aa ‘. 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