Moody’s cuts outlook for Singapore banks on coronavirus fallout
Moody’s downgraded the
outlook for Singapore’s banking sector to “negative” from
“stable”, citing risks of rising bad loans and deteriorating
profitability due to an economic slowdown and a decline in
interest rates amid the coronavirus outbreak.
outlook for Singapore’s banking sector to “negative” from
“stable”, citing risks of rising bad loans and deteriorating
profitability due to an economic slowdown and a decline in
interest rates amid the coronavirus outbreak.
Posted by Reuters
