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Coming up in the Asia-Pac session on Monday:


Coming up in the Asia-Pac session on Monday:


Consolidation Mode But Remains Bearish


Fails To Hold Onto Thursday’s High

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Fitch Ratings expects "continued weakening of the financial profiles of the Singapore banks due to the economic fallout from the coronavirus pandemic. Deteriorating asset quality and profitability is likely to put downward pressure on capital ratios at a time when there is limited rating headroom. We currently rate the three major Singapore banks at 'AA-'/Rating Watch Negative (RWN)."

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |
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