Singapore Banks Financial Ratings

S’pore banks may face growing risks in 2008-09

The financial ratings of Singapore's banks are stable, thanks to a buffer built up during the economic boom last year and conservative management of their balance sheets. According to ratings agency Moody's, the overall impact of the tightening global credit markets has been moderate. However, Moody's has also revealed that there are risks ahead that could undermine the stability for banks in Southeast...

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