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Fitch: Singapore Banks: Limited Rating Headroom

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
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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