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Singapore banks can fend off challenges to asset quality, says S&P
Published Wed, Feb 17, 2016 · 09:50 PM
Singapore
THE financial strength of Singapore banks will be tested this year as asset quality deteriorates and non-performing loans (NPLs) edge up, Standard & Poor's (S&P) said in a report released on Wednesday.
But the credit rating agency believes that the three well-capitalised banks have sufficiently solid financial profiles to endure the difficulties and maintains "AA-" long-term issuer credit rating on all three banks.
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