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S&P Corrects ASEAN Regional Scale Rating On Singapore Post Senior Perpetual Cumulative Securities Feb 13 Product Image

S&P Corrects ASEAN Regional Scale Rating On Singapore Post Senior Perpetual Cumulative Securities Feb 13

  • Published: February 2013
  • Region: ASEAN, Singapore
  • Standard & Poors

Abstract
SINGAPORE (Standard & Poor's) Feb. 19, 2013--Standard & Poor's Ratings Services today corrected its ASEAN regional scale rating on the senior perpetual cumulative securities by Singapore Post Ltd. (SingPost) to 'axAA+' from 'axAAA'. We are amending the ASEAN scale rating after discovering an administrative error when the ratings were first assigned on Feb. 23, 2012 (see "Singapore Post Ltd.'s Proposed Senior Perpetual Cumulative Securities Assigned 'A+' Ratings"). The ratings on SingPost (AA-/Negative/--; axAAA/axA-1+) and the 'A+' global scale issue rating on the securities were not affected. RELATED CRITERIA AND RESEARCH Singapore Post Ltd. Outlook Revised To Negative From Stable; 'AA-' Rating Affirmed, Feb. 22, 2012. Unregulated Issuers' Hybrid Instruments: Rating Methodology And Assessment Of Equity Content, March 17, 2011 Hybrid...

Companies mentioned in this report are:
- Singapore Post Ltd.

Action: Downgraded

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- Singapore Post Ltd.

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