MAS 'encouraging' rating of bonds

Singapore

SINGAPORE'S capital markets are set for more rated bond issues as the city's regulator considers ways to promote transparency and deepen the business.

The Monetary Authority of Singapore has raised the issue in recent discussions with market participants, according to multiple sources.

Although there is no suggestion that ratings will be compulsory, the discussions point to regulators' concerns that the prevalence of unrated debt is decreasing transparency and hurting liqu…