Source : The Business Times, August 15, 2007
SINGAPORE retained its top AAA credit ranking and stable outlook at Fitch Ratings, which cited the city-state's strengthening financial and fiscal positions.
Singapore is the only country in Asia with triple-A ratings from Moody's Investors Service, Standard & Poor's and Fitch. It shares the highest investment-grade ranking with nations including the US, UK, Germany and France.
'A diverse economic structure helps to support Singapore's overall growth sustainability and its resilience to shocks,' said Vincent Ho, associate director in Fitch's Asia Sovereign Ratings group, in Hong Kong.
'Together with the country's strengthening external financial position and sound fiscal position in our forecast horizon, we view that Singapore's strong creditworthiness is well supported.' - Bloomberg
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