SINGAPORE (Aug 17): Moody’s Investors Service projects real gross domestic product (GDP) growth for Singapore for the full year at 2.5% – the midpoint of its government’s forecast of 2-3% –  on the belief that external demand will continue to support the expansion of its company. 

In a Thursday note, the bond credit rating business of Moody’s Corporation says Singapore’s ‘Aaa stable’ credit profile reflects the city state’s high per-capita income, a diverse and competitive economy, strong fiscal metrics, and robust institutions.

These conclusions are contained in the company’s recently released Government of Singapore – Aa Stable – Annual credit analysis report, which rates the nation ‘Very High’ in terms of economic, fiscal and institutional strength, according to Moody’s Sovereign Bond Rating Methodology.

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