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Low credit ratings most pervasive among hospitality, retail SMEs

Experian study finds construction, communications, services SMEs share similar fate.

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The hospitality sector (which includes F&B) had the largest proportion of businesses with a high risk of defaulting on their loans at 81 per cent.

THE hospitality, retail, construction, communications and services sectors had the biggest proportions of Singapore small and medium-sized enterprises (SMEs) with low credit standings going into 2020, which could limit their ability to weather the impact of the Covid-19 pandemic.

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