Thursday, March 31, 2016


Banks: Moody's lowers credit rating outlook of Singapore banks to negative from stable, citing concerns over asset quality and profitability against a backdrop of slower economic and trade growth, both domestically and in the region.

However, the credit ratings agency noted that the banks' funding and liquidity profiles remain robust and there is a high probability of government support if needed.

Moody's currently rate DBS Bank, OCBC and UOB at Aa1, with DBS Group one notch lower at Aa2.

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