S&P assigns 'AA-' rating to UOB senior unsecured notes

They're part of a medium-term program.

Standard & Poor's Ratings Services recently gave its 'AA-' issue rating to the senior unsecured notes to be issued by United Overseas Bank Ltd.

According to a release from Standard & Poor's Ratings Services, the noted will be issued by the bank through its Sydney branch as part of its existing Singapore dollar 10 billion medium-term notes program.

The release also said that the notes shall at all times rank pari passu with all other unsecured obligations of the bank.