Banks downgraded

Credit rating agency Moody's has downgraded the outlook of Singapore's three main banks to "negative" from "stable" amid rising property prices and mounting household debt in the city-state. Moody's outlook report covers prospects in the next 12 to 18 months for DBS Bank, Oversea-Chinese Banking Corporation and United Overseas Bank.

By InvestSMART · 17 Jul 2013

By InvestSMART ·
17 Jul 2013

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Credit rating agency Moody's has downgraded the outlook of Singapore's three main banks to "negative" from "stable" amid rising property prices and mounting household debt in the city-state. Moody's outlook report covers prospects in the next 12 to 18 months for DBS Bank, Oversea-Chinese Banking Corporation and United Overseas Bank.

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Banks downgraded

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