S&P Global Ratings

Singapore economy

Trade war spurs recession risk in Singapore

SINGAPORE (July 25): The US-China trade war is threatening to drag export-reliant Singapore into a recession and aggravating underlying risks facing the former tiger economy.

Noble Group sued by top investor as trader defaults on debt

SINGAPORE (Mar 21): Noble Group is being sued by one of its top shareholders in a fresh blow to the embattled commodities trader as it defaults on debt obligations.

Noble Group `fighting for its life' as S&P sees default risk

(May 23): Noble Group Ltd.’s crisis deepened after S&P Global Ratings flagged a risk of default for the commodity trader within a year, triggering a rout in the company’s shares before they were suspended in Singapore ahead of a company statement. The

Global Economy

Australia's AAA rating is back under the microscope

SYDNEY (May 9): Australia’s AAA rating is again under the microscope as the government prepares to deliver a budget Tuesday that appears long on spending pledges and short on savings.
Australian Prime Minister Malcolm Turnbull

Australian government to give budget update, top credit rating at risk

SYDNEY (Dec 19): Australia's conservative government will on Monday give an update on the national budget that could trigger a downgrade in the country's prized triple A credit rating and push up borrowing costs on over a trillion dollars of debt.

Currencies

BlackRock says Australia could lose AAA rating next month

(Nov 6): Australia could be stripped of its top credit score by S&P Global Ratings as early as next month if the government’s interim budget review shows further deterioration, according to BlackRock Inc.

Singapore property sector provides shelter amid bond market volatility

SINGAPORE (Sept 8): S&P Global Ratings says Singapore’s real estate sector is expected to withstand the current volatility in the local currency bond market, even as the Swiber collapse in August fuelled public fears over more such occurrences.
Noble Group

Noble says ‘does not agree’ with S&P downgrade

SINGAPORE (June 16): Noble Group on Thursday says it “does not agree” with S&P Global Ratings’ downgrade of Noble’s credit rating to B+ from BB-, with a negative outlook.

Noble credit rating cut by S&P despite efforts to raise cash

(June 16): Noble Group’s credit rating was cut by S&P Global Ratings for the second time in six months, citing its weakened liquidity position and higher funding costs despite recent efforts to raise cash.
×