The credit quality of some of Singapore’s largest companies has become poorer compared with more than five years ago as their aggregate debt doubled while revenue growth declined.
Low interest rates in Singapore have seen net debt among a group of Singapore’s largest companies nearly doubled between the year-end of 2008 and the first quarter of 2014, a new report by Standard & Poors (S&P) revealed.
Thursday, September 11, 2014
Credit quality falls for some big Singapore companies
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