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GILTS

Aug 10 Auction Size Announced

US 10YR FUTURE TECHS

(U1)‌‌ Top End of Range

SINGAPORE

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 | anthony.barton@marketnews.com