S&P Affirms Singapore's Debt Rating Citing Balance Sheet, Competitiveness
Updated Nov. 24, 1998 12:01 am ET
SINGAPORE -- Standard & Poor's Ratings Group said it has affirmed its triple-A long-term local- and foreign-currency issuer credit ratings on Singapore. S&P also affirmed its A-1-plus short-term rating.
The agency said the ratings have been assigned to about US$18 billion of Treasury bills and bonds, adding that the outlook on the long-term ratings remains stable.