Moody's assigns an Aa1 rating to UOB's senior unsecured notes

The ratings agency retained the stable outlook for the notes to be issued through UOB's SGD5 billion Euro Medium Term Note (EMTN) program.

Both sets of notes represent direct, senior, unsubordinated, and unsecured obligations of the bank. As such, they have the same rating as UOB's long-term deposits of Aa1.

The last rating action on UOB was taken on March 28, 2011, when Moody's assigned ratings to UOB's subordinated notes.

Moody’s is maintaining the bank’s B rating for financial strength and the Aa1/P-1 rating for long- and short-term deposits.

Regular subordinated debt and junior subordinated debt are rated at Aa2 and A1(hyb), respectively.