INQUIRER.net: Moody’s puts Singapore banks on ‘negative’ outlook

INQUIRER.net Philippine News for Filipinos

Moody's puts Singapore banks on 'negative' outlook Jul 16th 2013, 00:15 SINGAPORE—Credit rating agency Moody's on Monday downgraded the outlook of Singapore's three main banks to "negative" from "stable" amid rising property prices and mounting household debt in the city-state.   "The two main drivers underpinning our opinion are the recent period of rapid loan growth and rising real estate prices in Singapore and in regional markets where Singapore banks are active," it said in a statement.   "These have increased the probability of deterioration in the banks' credit profiles under potential adverse conditions in the future."   Moody's said Singapore banks have been operating in a favorable environment for an extended peri... Keep on reading: Moody’s puts Singapore banks on 'negative' outlook

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions