SINGA not expected to hurt Singapore's credit rating
Ministry of Finance, MAS have engaged S&P, Fitch, Moody's to explain govt's borrowing approach
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Singapore
MAJOR credit rating agencies were made aware of Singapore's plans to borrow for major long-term infrastructure, and did not see this as hurting its credit rating, Deputy Prime Minister and Minister for Finance Heng Swee Keat said in the second reading debate on the Significant Infrastructure Government Loan Act (SINGA), which was passed in Parliament on Monday.
Addressing concerns of Members of Parliament's on whether SINGA could affect Singapore's AAA credit rating, Mr Heng said that the Ministry of Finance and the Monetary Authority of Singapore have engaged S&P, Moody's, and Fitch to explain the government's borrowing approach.
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