Written by Bloomberg
Wednesday, 18 August 2010 17:16
Singapore retained its top credit ranking of AAA at Fitch Ratings, which cited the country’s “exceptionally strong external financial and fiscal positions.”
“The exposure to external shocks and greater volatility associated with a small and very open economy is more than offset by the strength of Singapore’s external and fiscal buffers, as well as the credibility of its economic policy framework,” the company said in a statement today.
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