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Sovereign Wealth Funds Briefing - Categorized | Investment, Research

SMRT triple-A credit rating not affected by Temasek’s buyout offer, says S&P

Posted on 22 July 2016

S&P Global Ratings said on Thursday (July 21) that its credit rating on SMRT is not affected by the Temasek Holdings buyout offer for the rail and bus operator.
“Our rating already incorporates a very strong link between the company and its majority owner, the Government of Singapore, through Temasek, which is unlikely to change even if the company becomes a wholly owned subsidiary,” said S&P, which rates SMRT as triple-A with a stable outlook………………………………………..Full Article: Source


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