Banks downgraded

Moody's downgraded the outlook for Singapore's three main banks to "negative" from "stable" according to the article.

The outlook downgrade covers DBS Bank, Oversea-Chinese Banking Corporation and United Overseas Bank, as stated in the article.

Moody's cited rising property prices and mounting household debt in the city-state as the reasons for downgrading the banks' outlooks.

The article reports a downgrade of the outlook to "negative" from "stable"; it does not state that Moody's changed the banks' actual credit ratings.

Moody's outlook report covers prospects for those banks over the next 12 to 18 months, according to the article.

The article specifies local factors—rising property prices and mounting household debt in the city-state—as the reasons behind Moody's downgrade.

The article reports Moody's downgrade and the risks cited, but it does not provide guidance on investor actions; it notes the outlook is about the banks' prospects over the next 12 to 18 months.

The article refers to Moody's outlook report covering the next 12 to 18 months for the three banks; it does not include a link or further sourcing for the full report.