Singapore Government gets Aaa Stable rating from Moody’s amid challenges in global economy

SINGAPORE (June 30): Moody’s Investors Service has given the Singapore Government an “Aaa Stable” rating in its annual credit analysis for 2016.

The rating accounted for Singapore’s very high per capita income levels, economic competitiveness, strong fiscal metrics, and robust institutions.

However, Moody’s warned that the rating could experience downward pressure if ongoing restructuring efforts fail to keep growth from decelerating further below those of other Aaa peers in the medium term, or if the government’s fiscal position weakened on lower growth or a shift in fiscal policy.

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