S&P downgrades SingPost's credit rating to A- with stable outlook

Published Wed, Feb 24, 2016 · 09:50 PM

Singapore

STANDARD & Poor's (S&P) has cut Singapore Post's long-term credit rating from "A" to "A-", with a stable outlook amid increased earnings volatility.

The credit ratings agency also trimmed its ratings for SingPost on the long-term Asean regional scale, as well as the mail carrier's various outstanding debt.