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Credit quality falls for some big S'pore firms

S&P report cites aggregate doubling in debt since end-2008

Published Wed, Sep 10, 2014 · 10:00 PM

THE credit quality of some of Singapore's largest companies has become poorer compared with more than five years ago as their aggregate debt doubled while revenue growth declined.

Low interest rates in Singapore have seen net debt among a group of Singapore's largest companies nearly doubled between the year-end of 2008 and the first quarter of 2014, a new report by Standard & Poors (S&P) revealed.

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Companies & Markets

Companies & Markets

Credit quality falls for some big S'pore firms

Companies & Markets

Wilmar appoints former minister George Yeo as independent non-executive director

UOB Kay Hian says ‘disadvantageous’ to reveal details of key management’s remuneration

Deutsche Bank has cut dozens in Asia private banking overhaul

Middle East violence heightens market fears of rate hikes, inflation

Tokyo's Nikkei drops more than 1,000 points, most in 3 years

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

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