Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Singapore News  >> Economy  >> Moody's affirms Singapore top-level Aaa rating
NEW UPDATES Asean Affairs   20 June 2014  




Moody's affirms Singapore top-level Aaa rating

SINGAPORE: Moody's Investors Service on Thursday (June 19) reaffirmed Singapore's top-tier Aaa credit rating, citing the Republic's "very strong fiscal and debt metrics, strong growth outlook over the coming five years, and an extraordinarily large net external creditor position".

In a press statement accompanying the release of its Singapore credit analysis report for investors, the ratings agency assessed the credit profile of the city-state according to the four areas of its Sovereign Bond Rating Methodology:

        Economic Strength: Very High (-)
        Institutional Strength: Very High (+)
        Fiscal Strength: Very High (+)
        Susceptibility to Event Risk: Very Low

Singapore's long-term issuer rating - Aaa with a stable outlook - is unlikely to change over the next 12 to 18 months, "given the government's very strong credit fundamentals", Moody's said.

But the ratings agency noted credit challenges on the horizon, including the possibility of regional political or economic instability, rising domestic social pressures due to a rise in the cost of living and "other side effects stemming from the implementation of the government's economic restructuring programme".

To stay credit positive at the highest ratings level, Moody's recommended that Singapore maintaining "a market-friendly and fiscally prudent economic policy approach".

MITIGATING THE COST OF AGEING

In giving Singapore the fiscal strength rating of "Very high (+)", Moody's cited the country's "very strong fiscal and government debt metrics, which are supported by a prudent fiscal policy framework, the specific nature of the Singapore government securities market, and sizeable government assets".

"These will help mitigate the expected medium-term impact from an ageing society on both government revenues and expenditures," said Moody's, adding that the rising costs related to an ageing demographic would be offset by the country's CPF system.

"Singapore's fully funded compulsory pension system and the absence of a comprehensive government-funded social welfare system mitigate future liabilities," the statement read.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                            June 20, 2014 Subsribe Now !
• BoT keeps interest rate unchanged at 2.00 per cent Subcribe: Asean Affairs Global Magazine
• Global warming affect most of Indonesian area: Forestry minister
• Creative economy share of GDP expected to reach 7.5%
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Moody's affirms Singapore top-level Aaa rating
• VN leaders say yes to strong ties, no to China incursion
Asean Analysis                    June 20, 2014

• Asean Analysis June 20, 2014
The Risks of Hudud to UMNO and Malaysia
Advertise Your Brand

Asean Stock Watch    June 19, 2014
• Asean Stock Watch-June 19, 2014
The Biweekly Update
• The Biweekly Update  June 13, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com