Home News Credit downgrade

Canada's rating downgrade may end up benefiting Singapore's debt

Bloomberg
Bloomberg6/25/2020 04:18 PM GMT+08  • 1 min read
Canada's rating downgrade may end up benefiting Singapore's debt
Canada’s loss may be Singapore’s gain.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

(June 25): Canada’s loss may be Singapore’s gain.

Fitch Ratings stripped the North American nation of an AAA sovereign rating on Wednesday, reducing the number of economies to just nine that all receive top sovereign ratings from the three major agencies.

“The club of countries with AAA ratings from S&P, Moody’s, and Fitch is small,” strategists at TD Securities, including Andrew Kelvin, wrote in a research note. “We could see some investment flows diverted from Canada” to those that retain the ratings and have positive nominal 10-year bond yields, they said.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.