S'pore's fiscal position strong in near term despite lower GIC, Temasek returns, says Moody's
But should the lower returns cause persistent fiscal deficits, Moody's assessment would turn negative
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Singapore
THERE are strong institutional and fiscal safeguards in place to prevent lower returns from Singapore's government-owned investment entities from weighing on its sovereign credit profile.
But should the current weak investment climate drag on, a slowdown in the Singapore economy could weigh on the country's credit rating, said credit-rating agency Moody's in a report on Wednesday.
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