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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.

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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