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

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

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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.

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