Even though many borders continue to remain close to air travel, OCBC Credit Research has maintained its bond issuer profile for Singapore Airlines at “neutral (5)”.

OCBC says the national flag carrier is in a “manageable short-term liquidity situation” that is sufficient to cover financial needs till March 2023.

It points out that SIA has built up liquidity buffers through the pandemic, including from shareholders, which serve as a “multiplier effect” for further fundraising.


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