Moody's: Singapore banks will weather through further weakening in asset quality
Singapore, January 17, 2017-- Moody's Investors Service says that Singapore's three largest banks- DBS Bank Ltd., Oversea-Chinese Banking Corp Ltd and United Overseas Bank Limited- face continued downward pressure on their solvency metrics of asset quality and profitability in 2017, but the impact will be manageable, while strong government support will continue to underpin their Aa1 ratings. "Declining asset quality and profitability for the three large Singapore banks...
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