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Moody's downgrades ST Engg's baseline credit assessment but affirms its triple A issuer rating

Singapore

MOODY'S Investors Service has downgraded ST Engineering's baseline credit assessment (BCA) to a3 from a2 based on an expected deterioration of the company's financials following its acquisition of Belgium-based satellite company Newtec Group.

Nonetheless, the credit...

sentifi.com

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