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Moody's upgrades outlook for S'pore banking system to stable

Change from "negative outlook" reflects improving growth conditions and stabilising commodity prices

Published Wed, May 31, 2017 · 09:50 PM

Singapore

SINGAPORE banks have received another thumbs-up as they continue to benefit from improving economic fundamentals.

Moody's Investors Service on Wednesday changed its outlook for Singapore's banking system to stable from negative.

This reflects improving growth conditions and stabilising commodity prices that will limit a further weakening in asset quality and profitability, it said.

Last week, S&P Global Ratings affirmed the coveted "AA-" credit rating of th…

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Companies & Markets

Companies & Markets

Moody's upgrades outlook for S'pore banking system to stable

KEYWORDS IN THIS ARTICLE

Companies & Markets

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

Blackstone reports 1% rise in Q1 earnings

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