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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

  • ID: 2417718
  • 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

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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- Singapore Post Ltd.

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