Strong market positions in key business segments High investment diversity Exceptionally strong financial flexibility as a holding company Very strong consolidated financial profile Government ownership Increased exposure to the banking and financial services sectors Rising exposure to emerging economies Potential pressure on future dividend income The 'AAA' rating on Singapore-based Temasek Holdings Pte. Ltd. reflects the following strengths: Most of Temasek's major investments have strong market positions, and we expect these businesses to continue to generate steady and sustainable cash flows for the group. Temasek's portfolio is highly diversified, with no single investment accounting for more than 20% of the portfolio value. At the holding company level, Temasek's cash and cash equivalents slightly exceeded its debt as at the fiscal...
Companies mentioned in this report are:
- Temasek Holdings (Private) Limited
- Bank of America Corp.
- Singapore (Republic of)
- GlobalFoundries Singapore Pte. Ltd.
- Standard Chartered PLC
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Research Type: Full Analysis