S&P Global Ratings

SingPost announced on Nov 1 the acquisition of BEX Group for a maximum consideration of A$210 million ($185.19 million).

Fitch’s downgrade of the US sovereign follows the cut by S&P in 2011.

China’s relaxation of its Covid-19 policies provides favourable headwinds for its IPP segment which has faced depressed volumes.

Analyst Pauline Chew expects elevated leverage to persist over the next three years, driven partially by segmental weakness.

As at 9.33am, shares in Singtel are trading 1 cent higher or 0.4% up at $2.42.

The rating on CMT reflects the agency’s view of the REIT’s leading-market position following its merger with CCT.

"Already, we forecast credit losses of about US$2.1 trillion ($2.89 trillion) for 2020 and 2021," say S&P Global Ratings analysts.

SINGAPORE (Aug 1): In yet another blow to Singapore’s biggest telco, S&P Global Ratings has cut Singapore Telecommunications’ outlook to “negative”, citing more intense regional competition and increasing cash needs for capital expenditure and div

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.

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.