S&P rates United Overseas Bank Thailand at axA+/axA-1.

(ADPnews) - Oct 14, 2010 - S&P today gave its ASEAN regional scale ratings of axA+ and axA-1 for long- and short-term debt obligations to the Thai unit of Singapore lender United Overseas Bank (SIN:U11).

The ASEAN ratings reflect the credit quality of a specific securities issue of an obligor in comparison with the creditworthiness of other obligors in the region covering Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei Darussalam, Vietnam, Laos …