| A plan by ratings agency Standard & Poor's to overhaul the way it rates investment holding companies has drawn a strongly worded response from Temasek Holdings.The Singapore investment firm noted that the "confusing" proposal lumps Singapore together with countries such as Jamaica and even Greece, which is battling a debt crisis.
Temasek has issued bonds targeted at professional investors. It has previously said that it is also looking at offering retail bonds.Temasek spokesman Stephen Forshaw said a company should be rated based on its underlying credit quality, according to business and financial factors...............................................Full Article: Source
|