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S'pore's fiscal position strong in near term despite lower GIC, Temasek returns, says Moody's

But should the lower returns cause persistent fiscal deficits, Moody's assessment would turn negative

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There are strong institutional and fiscal safeguards in place to prevent lower returns from Singapore's government-owned investment entities from weighing on its sovereign credit profile.

Singapore

THERE are strong institutional and fiscal safeguards in place to prevent lower returns from Singapore's government-owned investment entities from weighing on its sovereign credit profile.

But should the current weak investment climate drag on, a slowdown in the Singapore

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