Moody's reaffirms OCBC Aa1 rating with a stable outlook

Rating reflects OCBC’s strong capital position.

Moody’s Investor Services has assigned a baseline credit assessment (BCA) of aa3 to Overseas-Chinese Banking Corporation Ltd. OCBC's BCA is among the highest assigned to any financial institution globally

The bank's rating reflects its strong capital position, relatively steady financial performance and conservative risk profile.

Based in Singapore, OCBC is the largest local bank in Singapore by market capitalization. According to Bloomberg, OCBC was number one among the world's 10 strongest US$100 billion assets banks in 2011.