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Credit Risks On Singapore Banks' Residential Property Loans Remain Subdued Despite High Property Prices, S&P Report Says Jul 10
Standard & Poors, July 2010
Abstract
SINGAPORE (Standard & Poor's) July 19, 2010--Singapore banks' heavy exposure to home loans and the strong climb in property prices in the past year have raised many questions, including the credit loss risks that banks face. Standard & Poor's Ratings Services believes the credit loss risks of Singapore banks would be limited even if an asset bubble were to form. In a report titled 'Singapore's Property Prices Are Up, But Credit Risks On Banks' Residential Property Loans Remain Subdued,' released today, Standard & Poor's said its view was based on the reasonable level of housing affordability, sound borrower repayment ability, low loan-to-value ratios, the government's measures to cool the market, and mortgage rates turning upward. Mortgages represent the single largest...
Companies mentioned in this report are: DBS Bank Ltd.,United Overseas Bank Ltd.,Oversea-Chinese Banking Corp. Ltd.
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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